Caregiving is expected to increase by more than 20% in the next 15 years–and by 85% in the next 40 years

The demand for informal caregivers–family members, friends or neighbors–is expected to increase by more than 20% in the next 15 years–and by 85% in the next 40 years–as baby boomers age, from the Dept. Health and Human Services, states SmartMoney.com. Nearly 62 million Americans already care for another adult at least part-time, an expensive and time-consuming undertaking. Caregivers who hire paid help spend an average of 24 hours each week on actual care, according to a 2007 study by the National Alliance for Caregiving and Evercare. And the 56% of caretakers who live in spend more than $4,500 per year…

Read More »