Help prepare future caregivers
Many future caregivers are unprepared for caregiving duties, time commitments, and costs. Preparing in advance can help ease their burdens.
Caregiving reality vs. expectations
As our population ages, many more people will provide care for loved ones, whether or not they’re prepared. For those who’ve thought about it, there’s a great disparity between what potential future caregivers think they’ll be doing and what current caregivers do.1 Many think caregiving will be much less demanding than it is.
|% of future caregivers who anticipate helping with this||% of caregivers who help with this||Difference|
|Communicating with doctors||31%||43%||+12%|
|Advocating with providers||21%||28%||+7%|
Future caregivers also significantly underestimate the amount of time they may spend providing care.
Current vs. anticipated hours per week spent caregiving
Making your clients’ participants aware of the potential demands of caregiving—duties, time commitment, and emotional toll—can help them prepare for this challenge.
Future caregivers unprepared financially
Finances are the most daunting aspect for both current and future caregivers. Only half feel (or felt) very or somewhat financially prepared to be a caregiver.2
How prepared do (or did) you feel to become a caregiver?
Participants answered “Very or somewhat prepared” for the following categories:
Many caregivers said their financial situation was already in bad shape and was worsened by new caregiving costs.3
Help future caregivers boost financial wellness
Helping clients improve their overall financial wellness can better prepare them financially for caregiving. If they’re in good shape going into caregiving, they may be better able to handle additional costs. They also may want to set aside extra money in savings before caregiving duties start.
Budgeting and personalized financial wellness tools, such as Lincoln WellnessPATH®, can help future caregivers get their finances in order.