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Study shows that family caregivers are spending up to a quarter of their pay on out-of-pocket costs

A new AARP study shows that family caregivers are spending on average a quarter of their own paychecks when caring for an adult family member.

Generation X spends the most while Generation Z and Millennial caregivers spend the highest percentage of their income.

Housing, medical bills, and assisted living expenses are taking up the majority of caregiving costs.

DiSanto Propane (Billboard)

Over 100 organizations are supporting a piece of legislation in Congress called the Credit for Caring Act, which gives working family caregivers a tax credit of up to $5,000 that can go towards out-of-pocket expenses.

U.S. Reps. Tom Reed, Brian Higgins and Tom Suozzi are all co-sponsors of the bill.



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