Aging Today: Family Caregiving & the Older Worker – Fact Sheet
compiled by Betty Cohen
May 2012—Increasing numbers of older adults are involved in caregiving and financial support of their parents, spouses, adult children and grandchildren. 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. Some find that they need to cut back on their hours or retire prematurely in order to provide caregiving.
- According to a 2004 AARP survey, “35% of Boomers have been or are responsible for the care of their elderly parent, up nine points since 1998.”
- A 2008 study from the Sloan Center on Aging & Work of couples and careers “reveals that one in two older workers (those aged 50 and above) have a dependent child in the household and one in five of these workers have an adult child in the household.”
- According to a 2011 analysis of American Community Survey data, “more than one-third (36%) of the 915,000 grandparents ages 60 and older who are caring for their grandchildren were in the labor force in 2010.”