CURRENT ELDERCARE SITUATION
44.4 million Americans --21% of the
adult population – are caregivers to older relatives or friends.
60% of these caregivers are employed.
How many of these people work for you?
- Lost productivity due to employees’ needs to address eldercare issues is estimated to cost US businesses between $11.4 and $29 billion per year.
- Eldercare resource and referral services save employers on average between $3 and $5 for every dollar they invest...and recently The National Security Agency reported a savings of 862% on their eldercare program.
- Caregivers have increased healthcare benefit utilization because often they end up sicker than the person for whom they were providing care.
- Each caregiver loses on average 166 hours of productivity due to absenteeism and interruptions.
- Twenty percent of caregiving employees quit their jobs to provide care full-time!