Unpaid Caregivers Lose $1T in 2024
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Family caregivers in the US provided over one trillion dollars in unpaid care in 2024, with 59 million people logging 49.5 billion hours for aging loved ones. The value per hour increased to $20.41, with rates varying by state. Nearly half of caregivers face financial strain, and middle-income families are hit hardest by the Medicaid gap. AARP advocates for the Credit for Caring Act, but its currently stalled in committee. As the baby boomer population ages, this trillion-dollar burden on families will only grow.
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