News Report | December 17, 2017
92% Of Informal Family Caregivers Are Financial Caregivers For An Older Adult
About 92% of informal caregivers for an older family member or a friend are considered financial caregivers, as a financial contributor or a financial coordinator. A financial contributor is a caregiver who pays for the costs of personal, medical, or household needs of their care recipient. A financial coordinator is a caregiver who oversees and organizes other aspects of their care recipient’s finances, such as paying bills, managing investments, preparing taxes, handling insurance, and monitoring accounts. About 68% of informal caregivers are financial contributors; about 88% are financial coordinators; and about 64% are both. About three-quarters of financial . . .