Preparedness of Current and Future Caregivers

This technical report investigates the state of preparedness among current and future caregivers in the United States, particularly focusing on adults aged 40 to 64 with at least one living parent. The study aims to understand how individuals plan for potential caregiving needs, the anticipated impacts, and the resources they expect to utilize. It highlights the significant role of unpaid caregiving, with an estimated 37.1 million Americans providing elder care in 2023. The report details findings from a survey that compares the preparedness levels of current caregivers and non-caregivers, revealing gaps in awareness and action regarding caregiving responsibilities. It discusses the financial implications of caregiving, including potential losses in wages and retirement savings. The report also outlines the complexity of caregiving costs and coverage options in the U.S., emphasizing the need for better support and resources for future caregivers to mitigate financial burdens. Overall, the findings underscore the importance of understanding caregiving dynamics and preparing for the associated challenges.