A Few Reasons We Need Leadership C.A.R.E.S.
69% of working caregivers caring for a family member or friend report having to rearrange their work schedule, decrease their hours, or take an unpaid leave in order to meet their caregiving responsibilities.
More than 40% of caregivers leave their job to care for a loved one, 34% because their work did not provide flexible hours.
10M caregivers aged 50+ lose an estimated $3T in wages, pensions, retirement funds, and benefits.
The direct economic effect from the need for caregiving is estimated at nearly $44B through the loss of more than 650K jobs and nearly 800K caregivers suffering from absenteeism issues at work.
51% of caregivers feel their role gives them a sense of purpose or meaning. These emotions often coexist with feelings of physical, emotional, and financial stress and strain.
Approximately 25% of U.S. adults are in the 'sandwich generation'. More than half in this age group (54%) have a living parent age 65 or older and are either raising a child younger than 18 or have an adult child they helped financially in the past year.
52% of the sandwich generation expects supporting their parent(s) will cost just as much — or even more — than their kids over the next five years.