Tuesday, June 14, 2011
MetLife study reports staggering income losses (present and future pensions and s.s.) to current family caregivers
Insurance Broadcast has published an article on the Metlife Study of Caregiving Costs to Working Caregivers and reported over $3 trillion lost in wages, future pensions and even social security benefits, with the link for the report here.
Women are more likely to do hands-on caregiving than men, and women may be losing more future income financially.
Metlife’s own link is here.
The study reports enormous policy implications which so far are being overlooked in most of the major candidate debates. Long term care insurance and the building of CCRC's (Continuing Care Retirement Communities) are still skimming on the surface of the problems.
Many people are caught as the “sandwich generation”, but this also now includes people who did not have their own children, and will include many LGBT people.