Financial sacrifices U.S. caregivers made as a result of caregiving as of 2018

Published by John Elflein, Jan 8, 2019
This statistic shows the percentage of caregivers in the U.S. who spent their own money on caregiving and had to make select financial sacrifices as a result of caregiving as of 2018. It was found that 41 percent of caregivers stated they had to dip into their personal savings to cover the expenses of providing care.

Percentage of caregivers in the U.S. who spent their own money on caregiving and had to make select financial sacrifices as a result of caregiving as of 2018

Percentage of caregivers
Dip into your personal savings to cover expenses41%
Reduce how much you save for retirement25%
Take out a loan, borrow from a friend or a family member, or assume other debts to cover expenses18%
Reduce how much you put into educational savings for children or other family members17%
Dip into your retirement savings to cover expenses16%
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Release date

October 2018

Region

United States

Survey time period

June 26 to July 10, 2018

Number of respondents

1,024 respondents

Age group

18 years and older

Special properties

experience providing long-term care to a family member or friend

Method of interview

Telephone interviews and online survey

Supplementary notes

Question: [Have/Did] you ever [done/do] any of the following as a result of caregiving, or not?

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