Family caregivers are an essential part of the social, health, and economic fabric of the U.S. But family caregiving often comes at substantial costs to the caregivers themselves, to their families, and to society. Without family-provided help, the economic cost to the U.S. health and long-term services and supports (LTSS) systems would skyrocket.
Part of the Valuing the Invaluable series on the economic value of family caregiving, this report updates national and individual state estimates of the economic value of family caregiving using the most current data available. In 2013, about 40 million family caregivers in the U.S. provided an estimated 37 billion hours of care to an adult with limitations in daily activities.
The estimated economic value of their unpaid contributions was approximately $470 billion in 2013, up from an estimated $450 billion in 2009. The report also explains the key challenges that family caregivers face, highlights key policy developments for family caregivers since the last Valuing the Invaluable report was released in 2011, and provides policy and research recommendations to better support caregiving families.
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