THE COST OF CAREGIVING

Caregivers need support and guidance

Today, more than one in five Americans are caregivers. And over half are employed while providing an average of 24 hours of care per week.¹ While every situation is unique, they all need help juggling their own lives and personal finances.

As a financial professional, you’re in a unique position to help them manage this challenge through preparation, putting plans into action, avoiding pitfalls, and providing resources.

¹ "2020 Report: Caregiving in the U.S.”, AARP and National Alliance for Caregiving, May 2020

HELP THEM PREPARE

Demographic shifts in the U.S. mean caregiving needs will grow in numbers — and costs. Help your clients better prepare for the scenario of spending nearly 20% of their income — on average — on caregiving activities.²

² “Surprising Out-of-Pocket Costs for Caregivers,” AARP, October 2019

BUDGET NOW

Create An Action Plan

Use this Cost of Alzheimer’s Care Calculator from Transamerica and AgingWell Hub to provide a personal estimate based on zip code and more.

CALCULATE NOW*

* The Cost of Alzheimer’s Care Calculator was created by a collaboration between Transamerica and Georgetown University’s AgingWell Hub. This link will forward you to a third-party website. Transamerica does not endorse, recommend, approve, or accept responsibility for any linked sites or their content. Nor do such links imply any affiliation between Transamerica with such third parties unless otherwise stated. Transamerica has no control over, and has not been involved with, the preparation of any content on such site nor should it be viewed as an investment recommendation of any product or service. You use or follow these links at your own risk and Transamerica is not responsible for any damages or losses incurred or suffered by you arising out of or in connection with your use of the link. Users are responsible to take necessary precautions to ensure appropriate safety from viruses, worms, Trojan horses, and other potentially destructive malware.

PITFALLS TO AVOID

People turning 65 today have a 70% chance they’ll need long term care during their life, for an average of 3.7 years (women) and 2.2 (men).³

Also, help your clients learn to protect themselves with our elder fraud field guide.

³ “How Much Care Will You Need?” LongTermCare.gov, February 2020

GET THE GUIDE

Do you know a caregiver?

Transamerica and MIT AgeLab are conducting research with thousands of caregivers to learn more about their experiences and challenges. If you or someone you know has insight to share, join our panel.

JOIN THE PANEL

THE COST OF CAREGIVING

Caregivers need support and guidance

Create An Action Plan

We’re here to help

Do you know a caregiver?