{"id":36474,"date":"2022-11-27T13:20:27","date_gmt":"2022-11-27T13:20:27","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/nearly-1-in-3-have-left-their-jobs-to-tend-to-caregiving-responsibilities-and-the-costs-add-up-to-thousands-of-dollars-a-year\/"},"modified":"2022-11-27T13:20:27","modified_gmt":"2022-11-27T13:20:27","slug":"nearly-1-in-3-have-left-their-jobs-to-tend-to-caregiving-responsibilities-and-the-costs-add-up-to-thousands-of-dollars-a-year","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/nearly-1-in-3-have-left-their-jobs-to-tend-to-caregiving-responsibilities-and-the-costs-add-up-to-thousands-of-dollars-a-year\/","title":{"rendered":"Nearly 1 in 3 have left their jobs to tend to caregiving responsibilities \u2014 and the costs add up to thousands of dollars a year"},"content":{"rendered":"

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Caregivers are ‘in crisis’: Nearly 1 in 3 have left their jobs to tend to caregiving responsibilities \u2014 and the costs add up to thousands of dollars a year<\/figcaption><\/p>\n<\/figure>\n

Jacquelyn Revere became a full-time, unpaid caregiver when she was 29 years old.<\/p>\n

\u201cI took what I thought would be a 21-day leave from my job. I ended up staying here,\u201d Revere says.<\/p>\n

The former TV writer spent six years as a caregiver \u2014 leaving her job in New York City to move in with her mother and grandmother in Los Angeles, who both had Alzheimer\u2019s.<\/p>\n

When Revere first moved in, she discovered notices for missed mortgage payments and couldn\u2019t get access to the bank accounts since she didn\u2019t have power of attorney, so she ended up maxing out her credit cards and forgoing her student loan payments.<\/p>\n

\u201cWe were pretty much three people living off of about $5,000 [a month] and half of that went to the mortgage. And then once my grandma passed, there were no savings, nothing.\u201d<\/p>\n

Don’t miss<\/h2>\n

Revere\u2019s not alone in having to make financial sacrifices to care for an aging or disabled loved one \u2014 nearly 1 in 5 Americans are unpaid caregivers, according to the National Alliance for Caregiving and American Association of Retired Persons (AARP). And close to a third of them have voluntarily left their jobs due to their caregiving responsibilities, reports the Rosalynn Carter Institute for Caregivers (RCI) in February.<\/p>\n

But with a quickly aging population, this crisis is expected to get exponentially worse over the next few years.<\/p>\n

America is dealing with a \u2018caregiving crisis\u2019<\/h2>\n

The COVID-19 pandemic put a spotlight on caregiving as more Americans were either thrust into the role or saw their caregiving responsibilities drastically increase.<\/p>\n

On top of that, Americans are now living longer, and diseases like Alzheimer\u2019s and Parkinson\u2019s are projected to afflict millions more in the coming years, says Jessica Tuman, head of Voya Cares and ESG practices at Voya Financial, a retirement, investment and insurance company.<\/p>\n