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All too many times overwhelmed caregivers are physically and emotionally depleted and need to take time to rest and care for themselves. Believing in a holistic approach to caregiver stress and a strong commitment to helping our members find the right solutions, we created this blog to help you connect with others who, like you, may be facing the same eldercare issues and challenges. Feel free to comment, ask questions, and submit articles. Please forward the blog link to your family and friends. They'll be glad you did.

Warm regards,

Patricia Grace
founder & CEO
Aging with Grace

Wednesday, June 06, 2012

Older employees working longer to pay for eldercare

Older adults are increasingly providing care for elderly parents or others, according to a May fact sheet from the Boston College Center on Aging and Work. Over the past 20 years, there has been a gradual, moderate increase in the number of those providing elder care, with one in seven older workers having responsibility for a child and an adult, the report states. 
Between 1989 and 1999 the percentage of older adults providing this care rose from 36% to 44% and the number continued to rise over the past 10 years as well, including financial assistance provided to children and grandchildren. 
Because of this financial responsibility, the Boston College research states, many older adults want to remain in the workforce longer so that they can continue to provide this support. It has some bearing on their work schedules as well as their vacation time. Many postpone retirement, but many others stop work earlier or cut back on hours in order to fulfill caregiving responsibilities. 
“Increasing numbers of older adults are involved in caregiving and financial support of their parents, spouses, adult children and grandchildren,” the report states. “Many older adults today find that they need to continue to work in order to help family members financially, while others need flexibility in their work schedules to meet caregiving demands.”

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