The True Value of a Caregiver

THE TRUE VALUE OF A CAREGIVER Do you feel at times you have a second job caring for a loved one? $$$Wouldn't it be nice to get paid? $$$ "each icon represents 1 million caregivers There are approximately 65 million caregivers in the United States. From filling prescriptions and acting as a chauffeur to attending doctor's appointments and providing nutritious meals job in the midst of all your other responsibilities. caregiving can feel like a full-time TYPICAL CAREGIVER The typical family caregiver is a 49-year-old woman caring for her widowed 69-year-old mother who does not live with her. She is married 66% of family caregivers are women and employed. and more than 37% have children or grandchildren under 18 living with them. HOW MUCH IS YOUR TIME WORTH? Have you ever thought about how much your time was worth as a caregiver? According to a study done by AARP* your average hourly rate would be $11.16 an hour. Part-time Caregiver [20 hours a week] $10,713.60 Full-time Caregiver [40 hours a week] $21,427.20 Over-time Caregiver [90 hours a week] $48,211.20 EFFECTS OF UNPAID CONTRIBUTIONS While the attention of caregivers is indispensable to their families and communities, studies have shown that being a caregiver can impact employment. Salary potential job promotions I are passed up and the caregiver needs increasingly more time off.O According to the AARP, the "estimated economic value of caregiver's unpaid contributions" was around $450 billion in 2009. and quality of life are often decreased when work hours suffer, $450,000,000,000 CONFLICTING DEMANDS OF WORK & ELDERCARE One national study on women and caregiving highlighted the conflicting demands of work and eldercare. The study found that: 33% Decreased work hours 29% Passed up a promotion 22% Took leave of absence 20% Switched full to part-time 16% Quit their jobs 13% Retired early ISN'T IT TIME TO ASK FORA TAX DEDUCTION TO HELP OFFSET WHAT CAREGIVERS LOSE IN POTENTIAL INCOME? Infographic produced by: aplaceformom.com