Most aging Americans will need long-term care in their lifetime. Loved ones often take on the labor and costs.
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Most aging Americans will need long-term care in their lifetime. Loved ones often take on the labor and costs.
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Source article: https://www.cbsnews.com/news/aging-americans-long-term-care-families-labor-costs/
CBS News reports that a significant majority of older Americans will require long-term care, often placing substantial burdens on their families. This caregiving frequently becomes a demanding, unpaid job, requiring significant time and financial resources. The article highlights the personal experiences of a family caring for an elderly woman with Parkinson's and dementia to illustrate these challenges. Due to the high costs and increasing need, AARP identifies this as a crisis, advocating for solutions like tax credits and noting some states are exploring long-term care taxes. The piece underscores the emotional and physical toll on family caregivers, emphasizing the growing urgency of addressing this widespread issue.