While the focus in the US is on Medicare and has become more paramount with the retirement of the Baby Boomer generation, help for seniors in other countries has taken a new priority as well. It is estimated that by 2050 about 277 million adults will need others to care for them. This staggering total also estimates that about half will require some form of dementia care which puts an increasing burden on family caregivers.
For primary family caregivers, the financial burden that is incurred when support is needed can be considerable. In terms of financial support, family caregivers provide 68% which comes out of their earnings to support the senior members of their families. This translates to about $180 billion in out-of-pocket expenses every year.
There are many difficult conversations that you will have with your family, but few are as brutal as telling a parent or grandparent that they can no longer drive their vehicle. A vehicle represents more than just transportation, it is independence that allows a person to go where they want, when they want without relying on companion care or you.
It may seem surprising at first that some might want to be financially rewarded for eldercare, especially when taking care of members of the family. But there is a strong point to be made about the financial burdens of elderly home care on individuals who may have no other choice. There are good reasons why family members want to shoulder the burden of taking care of their loved ones;
We were asked to put together a list of tips for seniors and their family caregivers that they could use when having to go to a hospital. There are more detailed lists out there but these are the main items
The term “Sandwich Generation” is used to describe a growing group of реорlе who are саrеgіvеrѕ fоr thеіr young children and aging parents. Usually, this applies to people in their late 30s, 40s, and 50s. Any members of this group also have full-time employment, but they may find it necessary to reduce their work hours or leave their jobs altogether to tend to their parents' needs. This can add to the stress by creating financial difficulties.
Approximately 15% of the people in this category provide financial support to both a parent and a child. This can quickly drain their resources, especially when employment hours have been reduced. Sharing time between children and aging loved ones may also leave this generation with little or no time for themselves. Members of the sandwich generation may be more likely to become isolated, overwhelmed, anxious, depressed, than caregivers who do not have children at home. Since they are providing care for both generation, they have even less time to seek out relationships and other social connections.
If you are an employer who has a large number of people of a certain age working for you, you should know about the benefits of the National Family Caregiver Support Program (NFCSP). Started in 2000, the NFCSP provides grants to states and territories, based on their share of the population age 70 and over, to fund a range of support. This special program has been designed to aid your employees in providing the very best possible home care to relatives who are sick or elderly. The program gives your employees the assistance they need to make sure that they are able to care for the needs of their family members while still being able to work a full time job to support themselves. Having access to this type of service is crucial when there is a financial challenge.
If you are one of millions of Americans who are attempting to hold a full time job while also being a family caregiver to your aged parents, you might be wondering how you can be compensated for your time. Now is the time to get the help you need to balance both of these responsibilities. Would you believe that you can become a paid caregiver for your parents? This will give you the income and assistance you need to make sure that your parents are provided with the care they need. It will also help you get the extra income that you require to take care of your personal financial responsibilities.
If your organization has many employees who are of a certain age, you may well be dealing with issues caused by the necessity of workers having to take time off from work to care for elderly relatives. Providing home care for seniors is an issue that requires a great deal of research and attention. As an employer, you can take steps to make research and education for your employees a more streamlined process.
Those who care for an elderly or disabled relative are busy, stressed and often isolated. They do their job with love and care, often getting little or no thanks in return.