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Search resuls for: "National Alliance for Caregiving"


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According to Census Bureau data, 44% of boomers are at retirement age and millions more are soon to join them. And since younger boomers are less financially prepared for retirement than their older boomer siblings, the problem is bound to get worse. AdvertisementAs boomers continue to age out of the workforce, it's going to put strain on the healthcare system, government programs, and the economy. Not all boomers are richIt's undeniable that some boomers will enjoy a cushy retirement. The median retirement account for that age group has only $200,000 — meaning that half of 65- to 74-year-olds have even less saved up.
Persons: , it's, Rita Choula, Stevie Kuenn, Kuenn, Choula, Caregiving, Gen Organizations: Federal, AARP, Institute, Consumer Finances, Social Security, National Council, Medicare, Pew, National Alliance, American Health Care Association, Department of Homeland Security Locations: , Chicago, Ohio, America
For three years, Miura chipped in time, money and care, taking her grandmother to the emergency room so often that she got to know all the hospital security guards by name. "It was very stressful," said Miura, now 28, who helps others in this situation at her advisory Spark Financials. "What stands out for me is the number of people who are not only caregivers, but financial caregivers too," said Surya Kolluri, who heads the TIAA Institute. No wonder caregivers' financial lives are impacted: On average they have fewer assets and higher debt than non-caregivers, the report found. Remember that others could likely contribute money or time or both as well, including siblings, children, friends, cousins and in-laws.
Persons: Michaela Rehle, Danielle Miura, Neda, Miura, Surya Kolluri, Mary Naylor, Penn, , Chris Taylor, Lauren Young, Richard Chang Organizations: REUTERS, TIAA Institute, University of Pennsylvania School of Nursing, NewCourtland, Transitions, U.S . Department of Health, Human Services, Alliance, National Alliance for Caregiving, Thomson Locations: Planegg, Munich, GERMANY, Ripon , California
Caregiving is difficult for everyone but it can take a particular emotional and financial toll on sons because they tend to keep things to themselves, don’t seek support, and feel uncomfortable providing personal care. “We don’t see many resources tailored to men, who end up feeling isolated,” says Jason Resendez, CEO of the National Alliance for Caregiving.
Persons: don’t, , Jason Resendez Organizations: National Alliance for Caregiving
Healthcare startup Helpful wants to disrupt the family caregiving industry. Check out the 7-page pitch deck Helpful used to secure $7.5 million from Redesign Health. Helpful launched in July with a 5,000-caregiver waitlist, CEO Wes Donahoe, who was a founder-in-residence at Redesign Health while building the startup, told Insider. Redesign Health is a startup studio that creates, builds, and funds healthcare startups from the ground up. Check out the seven-slide pitch deck Helpful used to raise $7.5 million in seed financing from Redesign Health.
Persons: waitlist, Wes Donahoe, Donohoe Organizations: Health, National Alliance for Caregiving, AARP, Ianacare, Medicare, Senior Health Care, Catalyst, CVS, Aily
Brandee Evans does just as much work off-screen as she does in her role as "Mercedes" on the popular TV series, "P-Valley." When she's not filming, you can find Evans caring for her mother, who has multiple sclerosis. I literally was breaking down in my health, my mental health and my physical health, because I was trying to do it all," says Evans. Still, Evans equates managing her work and caregiving with walking "on a tightrope." Here's what Evans has learned along the way and tips for those who help care for a sick loved one.
The Caregiver's Lament: How to handle the costs of care
  + stars: | 2022-11-29 | by ( Chris Taylor | ) www.reuters.com   time to read: +5 min
In fact, the United States has 53 million unpaid caregivers, according to a study by the National Alliance for Caregiving and the AARP. No wonder 62% of caregivers for loved ones with disabilities or special needs report being overwhelmed by financial stress, according to Fidelity. However, “programs do exist at the federal and state level to help families and caregivers,” said Dyvonne Body, author of the Aspen Institute report. “In our surveys, 46% of caregivers don’t even think to ask about benefits like that,” said Fidelity’s Stoddard. Long-term care insurance helps with issues like home healthcare and nursing homes, with policy premiums generally cheaper the earlier you secure coverage.
Most members of "the sandwich generation" are Gen Xers, per a new Pew report. Sandwiched adults have a parent age 65 or older and either a young child or an adult child they've helped financially. Gen X, who turn ages 42 to 57 this year, make up the majority of this demographic. Gen X caregivers are typically employed, with most saying caregiving has had at least one impact on their work. That flips for those in their 50s, most of whom have an adult child they've helped financially.
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