Volume 6 – June 2023

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Preparing for caregiving

 

To my caring client, you are not alone. According to AARP, approximately 48 million individuals in the US provide unpaid care to a loved one. Sixty-one percent of family caregivers are also working, so if you are struggling to balance your care responsibilities, work, family, and self-care, you are not alone. According to AARP’s recent research, the financial impact of caregiving can be immense, with 78 percent of caregivers reporting out-of-pocket caregiving expenses and the average annual amount caregivers spend totaling $7,242. We are finally beginning to understand what caregiving looks like for ourselves and our community. Providing care can be a wonderful way to connect deeper with those we love most, if given the right support throughout.

I recognize that planning for care is essential, so I invite you to lean on me. We are equipped with resources to support your caregiving journey, and we can proactively plan for your own care with the right long-term care insurance. Please reach out for support, you are not expected to take on the responsibilities of caregiving alone.

 

Related resources:

Help for Caregivers

Helping people share their wishes for care through the end of life

Material created by Raymond James for use by its advisors.