Weston Home Health Care Agency, A Family Member HomeCare of Hollywood, Florida, Notes AARP 2011 Report on the Cost and Contributions of Family Caregiving
Valuing the Invaluable: 2011 Update - The Growing Contributions and Costs of Family Caregiving
by: Lynn Feinberg, Susan C. Reinhard, Ari Houser, and Rita Choula - AARP Public Policy Institute | from: Public Policy Institute | July 2011
See also: Full report PDF.
Family support is critical to remaining in one’s home and in the community, but often comes at substantial costs to caregivers themselves, to their families, and to society. If family caregivers were no longer available, the economic cost to the U.S. health care and long-term services and supports (LTSS) systems would increase astronomically.
This Insight on the Issues, part of the Valuing the Invaluable series on the economic value of family caregiving, updates national and individual state estimates of the economic value of family caregiving using the most current available data. In 2009, about 42.1 million family caregivers in the U.S. provided care to an adult with limitations in daily activities at any given point in time, and about 61.6 million provided care at some time during the year.
The estimated economic value of their unpaid contributions was approximately $450 billion in 2009, up from an estimated $375 billion in 2007. The report also explains the contributions of family caregivers, details the costs and consequences of providing family care, and provides policy recommendations to better support caregiving families.
Related Reports
Fact Sheet: Valuing the Invaluable: 2011 Update, The Economic Value of Family Caregiving in 2009
Valuing the Invaluable: The Economic Value of Family Caregiving, 2008 Update
Valuing the Invaluable: The Economic Value of Family Caregiving, 2008 Update Detailed Methodology, Data Year 2008
Issue Brief - Valuing the Invaluable: A New Look at the Economic Value of Family Caregiving, 2006
In Brief - Valuing the Invaluable: A New Look at the Economic Value of Family Caregiving, 2006
Data Digest – State Estimates, 2006
Valuing the Invaluable: Caregivers and the Economic Value of Caregiving, by State, 2006 (single page)
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