People Who Care for an Elderly Parent or Other Loved One Face Soaring Costs

Family Caregivers Pay Dearly for Their Loved Ones

A new report says it's not gas or rent quietly following out many Americans' walls—it's care for loved ones. An AARP survey of more than 2,500 family caregivers find them now shell out an age of $11,508 a year from their own pockets, about 60% more than...

People who care for an elderly parent or other loved one face soaring costs

Caregivers spend an average of $11,500 per year looking after an aging parent, relative or friend, up roughly 60% since 2021, according to AARP.

Caring for aging parents is getting more expensive

Costs are soaring for people who care for their older parents and other family members, according to a new study. Out-of-pocket expenses are nearly 60% higher than they were just five years ago for family caregivers, who now spend an average of $11,508 a year on caregiving, according to a report released this week by […]

The unsung heroes paying the highest price in Trump’s America

While many Americans worry about inflation, rising gas prices, soaring grocery bills, and the high cost of living amid stagnant wages, a report AARP released Wednesday found that caregivers bear the heaviest financial burden. Caregivers now spend an average of $11,508 out of pocket each year, which is a staggering 60% increase in just five years. That financial strain consumes an average of 31% of their income, forcing many to sacrifice their ow…

What's gone up even faster than gas or rent? The cost of caregiving

A new study from AARP shows caregivers' out-of-pocket costs rose about 60% in the last five years.

What’s gone up even faster than gas or rent? The cost of caregiving

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