Alert
Close

How Does Your Brain Score? Take the Staying Sharp Brain Health Assessment

Valuing the Invaluable: The Economic Value of Family Caregiving, 2008 Update

This and Related Reports

In 2007, about 34 million family caregivers provided care at any given point in time, and about 52 million provided care at some time during the year. The estimated economic value of their unpaid contributions was approximately $375 billion in 2007, up from an estimated $350 billion in 2006.

This report provides updates to the state and national estimates in the 2007 Valuing the Invaluable reports.

The economic value of caregiving exceeded total Medicaid long-term care (LTC) spending in all states, and was more than three times as high in 36 states. Compared with Medicaid home- and community-based service spending, the economic value of family caregiving was at least three times as high in all states, and more than 10 times as high in 19 states.

The costs of caregiving to caregivers themselves are more than a simple accounting of hours. They include direct out-of-pocket expenses, economic insecurity caused by changes in work patterns, and health effects.

State and national data are presented on the economic value of family caregivers and their effects on the health and LTC systems. Policy recommendations at both the federal and state levels are offered to prevent family caregivers from being overwhelmed by the demands placed upon them and to fund more services and supports for them. (8 pages)

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Caregiving
Resource Center

Find tools, work sheets and tips on how to plan, prepare and succeed as a caregiver. Select a Caregiving Resource Center topic from the drop-down menu below.

Advertisement

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Member Benefits AT&T Wireless Cell Phone

Members save 10% on the monthly service charge of qualified AT&T wireless plans.

Member Benefit AARP Regal 2

Members pay $9.50 for Regal ePremiere Tickets purchased online.

Walgreens 1 discount membership aarp

Members earn points on select Walgreens-brand health and wellness products.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.

Advertisement