Elder Care Statistics
Between 2011 and 2030, the number of elderly in this country will nearly double from 40.4 million to 70.3 million. Source: U.S. Bureau of Census.
American businesses can lose as much as $34 billion each year due to employees’ need to care for loved ones 50 years of age and older.Source: MetLife Mature Market Institute and National Alliance for Caregiving, MetLife Caregiving Cost Study: Productivity Losses to U.S. Business, July 2006.
10% of employed family caregivers go from full-time to part-time jobs because of their caregiving responsibilities.Source: National Alliance for Caregiving and AARP, Caregiving in the U.S., 2004.
Both male and female children of aging parents make changes at work in order to accommodate caregiving responsibilities. Both have modified their schedules (men 54%, women 56%). Both have come in late and/or leave early (men 78%, women 84%) and both have altered their work-related travel (men 38%, women 27%).Source: MetLife Mature Market Institute, Sons at Work: Balancing Employment and Eldercare, June 2003.
59 percent of employees who were caregivers missed at least one full day of work, 44 percent encountered workday interruptions and 29 percent reported health problems. The actual cost of this issue can be measured in several areas: absenteeism, presenteeism (physically present but not productive), career development, health care costs, performance levels and early retirement.Source: Eldercare Survey by the Society of Human Resource Management (SHRM), 2003.