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A survey by AARP in 2010 states that "29% of the U.S. adult population, or 65.7 million people, are caregivers, including 31% of all households. These caregivers provide an average of 20 hours of care per week." [7] 1.4 million children ages 8 to 18 provide care for an adult relative; 72% are caring for a parent or grandparent.
There’s an even steeper cost for women and millennials (those generally born between 1981 and 1996). In TIAA’s research, 60% of caregivers are women and 25% of caregivers are in their 20s or 30s.
The payment of wages for housework would also require capital to pay for the immense amount of unpaid care work (undertaken largely by women) that currently reproduces the labor force. According to a report by Oxfam and the Institute for Women's Policy Research, the monetary value of unpaid care work is estimated at nearly $11 trillion a year.
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
The average before-tax income for households of retired Americans in 2022 was $96,668, according to the central bank's Survey of Consumer Finances. The median before-tax income for this group was ...
A caregiver, carer or support worker is a paid or unpaid person who helps an individual with activities of daily living. Caregivers who are members of a care recipient's family or social network, and who may have no specific professional training, are often described as informal caregivers.
The In-Home Supportive Services program pays assistants to help people who are elderly or disabled stay safely in their own homes. In Los Angeles County, IHSS caregivers make $16 an hour.
Thirty-two U.S. states pay for care in assisted living facilities through their Medicaid waiver programs. Similarly, in the United Kingdom the National Health Service provides medical care for the elderly, as for all, free at the point of use, but social care is paid for by the state only in Scotland. England, Wales and Northern Ireland have ...