November 27, 2019

The Collateral Crisis: Adult Daughters Caring for Elderly Parents

There are currently 44 million unpaid elder care providers in the United States, with women composing the majority. Adult daughters account for seven of every 10 adult children who help their older parents.

The growing number of seniors being cared for by family is creating a collateral financial crisis for the so-called “Sandwich Generation.” This is particularly true among women, who lose an estimated average of $324,044 in compensation due to familial caregiving, according to a study from MetLife and the National Alliance for Caregiving.