Navigation Links
MultiVu Video Feed: NEW SURVEY FINDS THAT HALF OF CAREGIVERS SPEND 10 PERCENT OF THEIR INCOME CARING FOR AN OLDER LOVED ONE
Date:11/19/2007

The First, In-Depth Look at What Caregivers Spend and What they Sacrifice

Half of those caring for a loved one 50 years or older-as many as 17 million Americans-spend more than 10 percent of their annual income on caregiving expenses and often sacrifice their own financial and personal well-being to do so, according to a new Evercare/National Alliance for Caregiving (NAC) study. The Evercare/NAC Study finds that caregivers who have annual median income of $43,026 spend an average $5,531 a year on caregiving. At lower income levels, the annual average costs remained about $5,500, making their financial burden even heavier. Evercare, one of the nation's leading health care coordination programs, collaborated with NAC, the leading national research authority on caregiving, to conduct the study.

The Study also found:

* One in three respondents (34 percent) has used their own savings to cover the cost of caregiving

* One-quarter (23 percent) have cut back on their own health care spending.

* 38 percent are saving less or not at all for their children's future

* Many cut back on basics: clothing, utilities or transportation (27 percent) and groceries (25 percent)

* 23 percent cut back on personal medical or dental expenses

Despite the sacrifices, most study respondents see caregiving as a labor of love and one they do willingly.

SATELLITE FEEDS:

Monday, November 19th, 2007 Tuesday, November 20th, 2007

1:30 PM - 1:45 PM ET 1:30 PM - 1:45 PM ET

Galaxy 25 Galaxy 25

C-Band C-Band

Transponder 13 Transponder 13

Downlink Freq. 3960 Vertical Downlink Freq. 3960 Vertical

Preview and access this video on Pathfire DMG: Slug # 30505

Search within the PR Newswire or MultiVu section by story ID # 30505 or by headline

For technical assistance call Pathfire Customer Care at 1-888-345-0489 or e-mail support@pathfire.com

NEWS: Caregivers Sacrificing Their Own and Their Children's Financial Futures to Meet Expenses Today

FORMAT: B-roll and Soundbites

ADDITIONAL RESOURCES: Video, contact information and more available at: http://www.prnewswire.com/broadcast/30505/press.html

SOUNDBITES:

* John Mach, CEO, Evercare, discussing the broader implications of the

study findings.

* Gail Hunt, President and CEO, NAC, discussing what the groundbreaking

study means for caregivers

* Sherri Snelling, Director of Caregiving Services, Evercare, discussing

caregivers' sacrifices .

* Darlene, caregiver for her husband, talks about juggling caregiving,

career, and family.

* Sharon, Study diarist and caregiver for her mother, and her son talk

about the financial burden.

* Sandy, caregiver for grandmother and aunt, talks about her family's

holiday sacrifice.

B-ROLL INCLUDES:

* video of caregiving situations

VIDEO PROVIDED BY: Evercare

Contact: FOR MORE INFORMATION, PLEASE CALL: MultiVu Media Relations, 1-800-653-5313 EXT. 3


'/>"/>
SOURCE Evercare
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. MultiVu Video Feed: PUBLIC HEALTH EXPERTS CONVENE TO DISCUSS THE TREATMENT AND PREVENTION OF RABIES
2. MultiVu Video Feed: FDA Approves DORIBAX(TM) (doripenem for injection) for the Treatment of Complicated Intra-abdominal and Complicated Urinary Tract Infections
3. MultiVu Video Feed: Parents of Kids With Infectious Diseases Sounds Alarm About the Dangers of Pertussis With "Silence the Sounds of Pertussis" Campaign
4. MultiVu Video Feed: STARLIGHT STARBRIGHT UNVEILS GET FIT, GET RIGHT A PROGRAM TO PREVENT TYPE 2 DIABETES AND WEIGHT-RELATED CONDITIONS IN TEENS
5. Video: Nutrition Comes to NASCAR
6. Research Links TV/Video Game Playing With Child Obesity; Health Experts Back a New Approach
7. HealthInsuranceFinders.com Launches Video Contest for Young Directors
8. Video: Circulatory Care of New Jersey
9. VIDEO from Medialink and General Motors: On and Off the Track
10. TriWest and Montana VA Launch PTSD Video Conference to Reach Rural Health Care Providers
11. Verizon Introduces Broadband Video Call Center Link for Deaf or Hard-of-Hearing Customers in Mid-Atlantic Region
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... Falls, NY & Salt Lake City, UT (PRWEB) , ... February ... ... Davis, Founder of Activz Whole-Food Nutrition , announced that the much-anticipated feature with ... on the New Really Cool Humans Amateur TV Network. , Each week, on his ...
(Date:2/5/2016)... York, New York (PRWEB) , ... February 05, 2016 , ... ... life? The answer may be at the tips of your toes. Foot massage, whether ... as well as pure comfort and relaxation. The American Board of Multiple Specialties ...
(Date:2/5/2016)... Chicago, Illinois (PRWEB) , ... February 05, 2016 ... ... advisors and independent PROSHRED franchises from across the country gathered at the La ... to recognize top performers. PROSHRED Chicago was named the year’s most outstanding ...
(Date:2/5/2016)... ... February 05, 2016 , ... Pivot Point ... Best in KLAS: Software & Services for HIT Implementation Support & Staffing report ... independently ranks vendor performance by healthcare executives, managers and clinicians representing over 4,500 ...
(Date:2/5/2016)... Viejo, CA (PRWEB) , ... February 05, 2016 , ... ... X. Move from on one drop zone to the next using Colorize's dynamic moving ... complements any project. This package includes a 3D slideshow environment with 1 to 5 ...
Breaking Medicine News(10 mins):
(Date:2/5/2016)... , Feb. 5, 2016 ... the addition of the "Global Musculoskeletal ... company profile to their offering. ... the addition of the "Global Musculoskeletal ... company profile to their offering. ...
(Date:2/5/2016)... New York , February 5, 2016 ... new Transparency Market Research report states that the global ... in 2014 and is predicted to reach US$185.9 bn ... CAGR of 6.50% from 2014 to 2020. The title ... (Branded/Generic/Over-the-counter, Chemical/Biological, Captive/Contract Manufactured, by Geography, and by Therapeutic ...
(Date:2/5/2016)... , February 5, 2016 ... new market research report "Fetal (Labor & Delivery) and ... Antepartum), Warmer, Incubator, Pulse Oximeter, Phototherapy/Jaundice Management Devices, CPAP, ... by MarketsandMarkets, This report studies the global market over ... is estimated at USD 6.28 Billion in 2015 and ...
Breaking Medicine Technology: