53 million baby boomers expect to be caring for elderly parents in
their 70s and 80s.
?As baby boomers begin to deal with the prospect of their own old age,
they are faced with a more immediate problem - their aging parents. In
the coming years, 53 million baby boomers expect to be caring for
elderly parents in their 70s and 80s.?
Two thirds of baby boomers believe they will be a caregiver for an
elderly parent or family member in the future.
?As the lifespan of the average American continues to rise, a study
released today by leading healthcare product company Comfort Personal
Cleansing Brands reveals that two of every three baby boomers believe
they will be a caregiver for an elderly parent or family member in the
future. Additionally, of those, 67 percent plan to provide that care
at home. While boomers will want to care for their parents under their
own roof, many may feel overwhelmed by this challenge.?
Comfort Personal Cleansing Brands
http://www.comfortbath.com/bbsurvey.cfm
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Washington Times Article: Paying for aging parents
?More boomers buying long-term-care policies for their parents and themselves.?
http://washingtontimes.com/business/20040524-092703-9965r.htm
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Sen. Breaux on Caregiving:
?Much of the hearing focused on the challenges faced by the nation's
77 million baby boomers - those born between 1946 and 1964.?
"Caregiving is an important issue for boomers because they are today's
caregivers," Sen. Breaux said. "Statistics show the average caregiver
is a 46-year-old woman who works outside the home while spending 18
hours each week caring for her mother."
Sen. Breaux on Caregiving
http://aging.senate.gov/events/hr40jb2.htm
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Parent Care: The Latest, Greatest Challenge for Baby Boomers
An address by John Wright, Senior Vice President, Public Affairs,
Ipsos-Reid to the Empire Club of Canada, in Toronto on May 8th, 2003.
Ipsos Reid 2003
(12 pages)
Download the complete publication here:
http://www.ipsos-na.com/news/pdf/media/mr030509-1.pdf
Download Adobe Acrobat Reader (free) to view this document.
http://www.adobe.com/products/acrobat/readstep2.html
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?According to Business Week, May 17, 1999 - 54 % of baby boomers are
expecting their parents to move in with them at some point.?
?There are approximately 25 million caregivers. An estimated 81
percent are women and 70 percent of them are between the ages of 40
and 59. ?
Elder Options of Texas
http://www.elderoptionsoftexas.com/seminars_and_consulting.htm
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Survey Finds Baby Boomers, Especially Women, Headed For Financial
Disaster In Golden Years
?As more women are employed full time, it becomes more difficult for
them to fill the requirements of caring for aging parents and
relatives. Forty-six percent said they were forced to hire nursing
care to help with the tasks. The prospect of having to provide care to
aging relatives and spouses can be a huge emotional drain as well as a
financial hardship.?
http://www.immediateannuities.com/library_articles/baby_boomers_financial_disaster.htm
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Statistics
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?An estimated 22.4 million U.S. households ? nearly one in four ? now
are providing care to a relative or friend aged 50 or older or have
provided care during the previous 12 months. So says a recent survey
by the National Alliance for Caregiving and the American Association
of Retired Persons (AARP). Other surveys suggest that today?s Baby
Boomers ? adults born between 1946 and 1965 ? likely will spend more
years caring for a parent than for their children. ?
Federal Trade Commission
http://www.ftc.gov/bcp/conline/pubs/services/apact/
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Boomers Struggling to Care for Aging Parents
According to the survey, elder care takes a heavy toll on the American family.
?37% are worried about juggling caregiving with other responsibilities.
25% about are worried about having enough time for nuclear family.
38% are worried about maintaining their own health.
34% of working women miss work due to caring for an aging parent.
24% of working men have missed work as a result of elder care.?
AgeVenture News Service
http://www.demko.com/m001225.htm#one
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What are these caregivers doing?
?Typically, they spend 18 hours a week taking the person they care for
to doctors, managing the elder?s finances, helping with grocery
shopping and providing hands-on personal care. Two-thirds of the
caretakers also are employed. Of these, slightly more than half have
had to make workplace accommodations ? such as coming in late, leaving
early, dropping back to part-time work or even passing up promotions ?
to provide eldercare.?
Federal Trade Comisión
http://www.ftc.gov/bcp/conline/pubs/services/apact/apact09.htm
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The Sandwich Generation
The Sandwich Generation describes those baby boomers that provide care for
both their children and their elderly parents or grandparents
?A recent survey by the American Association for Retired Persons
(AARP) showed that nearly half of the baby boomers have children at
home and nearly a quarter are also caring for an older adult. A 1997
survey by AARP found that 22.4 million US households provided unpaid
care to a dependent relative or friend, over the age of 50. Family
care giving is a routine experience, according to a survey conducted
by AARP and the National Alliance for Caregiving. AARP states nine
million Americans are in this sandwich generation, and 40% are between
the ages of 35 and 49. ?
(..)
?The typical unpaid caregiver is a 45- year-old married woman with children.
Over two million women care for both parents and children.?
(..)
?Although white Americans make up more than 70% of the boomer
population, they are the least likely to care for older adults.
According to the AARP survey, just 19% of whites participate in caring
for older relatives, compared to28% of African Americans, 34% of
Hispanic Americans, and 42% of Asian Americans. Hispanics reported
having the most children and were the most likely to have both parents
still living. (AARP, 2001). Asian and African Americans reported the
most stress related to their care giving responsibilities.?
Western Carolina University
http://www.wcu.edu/crd/aging/Sandwich_Generation.htm
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The Sandwich Generation is the largest growing segment of caregivers
in the nation. Of the 22 million Americans caring for elderly parents,
40 percent also have kids to watch over.
"This statistics really tell us that by the millennium, a 40-year-old
couple will be giving care to more older parents than they will
school-age children," said Dina Zempsky of the New York City
Department of Aging. "That's an absolute flip-flop in our demographics
to what we had a generation ago."
CNN
http://www.cnn.com/HEALTH/9807/31/elder.care/
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Canada: ?In 1997, a third of 1,200 boomers surveyed by the Heart and
Stoke Foundation said they have a parent or in-law who has suffered a
stroke.? http://www.cbc.ca/retirement/boomers.html
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?Eldercare is already a reality for the first wave of Canada's 10
million baby boomers; 40% of people over 30 in Canada provide care now
for one or more elder members of their family.?
?Adult children often spend more years providing care for a parent ?
18 ? years than raising a child ? 17 years.?
?These individuals ? mainly women ? are also employees who spend 8+
hours per week on the phone dealing with eldercare issues; caregiving
can easily require more than 25 hours per week.? (US Study)
How to Care Inc.
http://www.howtocare.com/conversation.htm
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More and more of the 76 million baby boomers in the United States are
caring for aging parents..?
?According to the National Alliance for Caregiving's study, "Family
Caregiving in the U.S.," two out of three caregivers work and the 82
percent are women. The study also showed that caregivers admit to
making significant alterations in daily work schedules such as coming
in late, leaving early or taking time off. The good news is the survey
also discovered that slightly more than 80 percent of caregivers
described their employer's attitude toward their individual situation
as helpful and understanding. ?
BPW/USA
http://www.bpwusa.org/content/BWMagazine/ArchiveofIssues/Spring2000/Caregiving.htm
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?Currently, there are nearly 40 million senior citizens in the United
States - but in the next 30 years that number is expected to double to
80 million as Baby Boomers and their parents reach age 65. Each year,
more than 70 percent of the 2.3 million people who die in America are
faced with tough decisions on end-of-life care.?
Empowering Caregivers
http://www.care-givers.com/DBArticles/pages/viewarticle.php?id=205
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