What is the Financial and Emotional Impact of Caregiving? – The 2021 Fidelity American Caregivers Study
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November is National Family Caregivers Month - a time to celebrate, recognize, and honor the contributions of family caregivers across the country. This commemorative month offers an opportunity to raise awareness of caregiving issues, educate communities, and increase support for caregivers.
The Emotional and Financial Impact of Caregiving
As many of you know, caregiving can often have a significant impact on the life of the caregiver in more ways than one. It can make maintaining your physical and mental health more difficult and may put a strain on work and social life. This is why it’s so important for caregivers to take care of themselves to maintain their mental and physical health to better serve their loved
ones.
Across the country, an estimated 53 million Americans provide unpaid care for loved ones. This includes those providing care for children, aging parents or partners, and those with a disability or experiencing illness. As the number of people giving and receiving care continues to grow, planning and financial needs demand attention and support. Fidelity’s recently released American
Caregivers study shares insights about awareness and management of the costs of caregiving, both emotional and financial, best practices around planning and managing care responsibilities, and lessons to be shared with future caregivers.
Findings from Fidelity’s American Caregivers Study
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