How unpaid caregiving derails retirement security — and what we can do about it
Summary
Unpaid caregiving causes financial, physical, and emotional challenges. It also harms people’s ability to save and plan for retirement, threatening their future security.Key Facts
- Caregiving includes helping family or friends without pay.
- It creates financial strain because caregivers often spend their own money.
- Caregivers face physical and emotional health challenges.
- Time spent caregiving can reduce work hours or job opportunities.
- This loss of income and savings affects retirement security.
- Recognizing and supporting caregiving can help protect retirement savings.
- The article suggests it is important to find ways to credit caregiving in social and financial systems.
- Addressing caregiving’s impact could improve people’s economic futures.
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