Ninety-Two Percent of Caregivers Are Financial Caregivers – Coordinating and Managing Finances for Loved Ones, and Spending $190 Billion on Them Annually, Merrill Lynch Study Finds

By Newsroom America Feeds at 1 Nov 2017


November 1, 2017, 1:00 pm EDT

Ninety-Two Percent of Caregivers Are Financial Caregivers – Coordinating and Managing Finances for Loved Ones, and Spending $190 Billion on Them Annually, Merrill Lynch Study Finds

A Merrill Lynch study, conducted in partnership with Age Wave, finds that the 40 million1 family caregivers in the U.S. spend $190 billion per year on their adult care recipients. Despite the financial, emotional and functional challenges in this life stage, preserving the dignity of their loved one is their primary goal. The vast majority of caregivers (91 percent) are grateful they could be there to provide care, and 77 percent say they “would gladly do so again.”


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