Long Term Care Insurance
Women as Caregivers
The typical caregiver is an employed 46 year old women who is married and working outside of the home earning an annual income of $35,000 a year. (1.)
For centuries women have been the primary caregivers for long-term
care, making up 7 out of 10 unpaid caregivers (3.). Fifty-nine percent
of these women work outside their home and still bear the responsibilities of caring for
their parents or loved ones. (2.)
Caring for an aged parent has become more difficult for
women due to their increased role in the workforce, balancing both can be very challenging. Caregiving can also place a strain on women financially since they often deplete assets paying for the care of their
impaired family member, which could then make it difficult to
pay for their own long-term care should the need arise.
Sources:
1. http://www.caregiver.org/caregiver/jsp/content_node.jsp?nodeid=892
2.http://www.womenshealth.gov/FAQ/caregiver-stress.cfm=892
3. Genworth's study, The Impact of Long Term Care on Women -- An Analysis of Women as Care Providers and Care Recipient
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