Aging and The Age Wave are Business Issues
DID YOU KNOW … …
Family caregivers comprise 13% of the workforce.
Source: Wagner, D. and Neal, M., “Working Caregivers: Issues, Challenges and Opportunities for the Aging Network”. National Family Caregivers Support Program, Program Development Issues Briefs, Administration on Aging, DHHS, 2002.
59% of family caregivers who care for someone over the age of 18 either work or have worked while providing care. And 62% have had to make some adjustments to their work life, from reporting late to work to giving up work entirely.
Source: National Alliance for Caregiving and AARP, Caregiving in the U.S., 2004.
37% of human resource directors did not feel that their organizations made a real and ongoing effort to inform employees of available assistance for managing work and family responsibilities.
Source: Galinsky, E. and Bond, J.T., The 1998 Business Work-Life Study. New York: Families and Work Institute, 1998.
Women average 14 years out of the paid labor force, primarily because of caregiving responsibilities.
Source: Maatz, Lisa, President’s Commission to Strengthen Social Security. Older Women’s League, August 2001.
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.
Thank you to the National Family Caregivers Association and other sources for providing these statistics.