The Financial Toll Of Caring For Those With Alzheimer’s

Although no one wants to look at caring for an ill loved one as a burden, however, there is no denying the overwhelming financial cost involved.

Unpaid caregivers are a huge part of the economy which is growing every year with the increase in Alzheimer’s and dementia cases as baby boomers age.

There is an urgent need to address this national emergency.

Caring for a family member with the personality-draining disease can take a hefty financial and emotional toll. Nearly 15 million people fall into the role of unpaid caregiver for those sick with dementia, according to the Alzheimer’s Association. Add it all up, and it comes to about 17 billion hours of unpaid care valued at $202 billion in 2010 alone.

So to help with the staggering cost of care, the Obama Administration has included $26 million in the proposed 2013 budget. That money will go to education, outreach and support for families affected by the disease.

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