Male workers who care for aging parents tend to earn less than female caregivers, and they earn much less than men who are not caring for their parents earn.
Researchers from the MetLife Mature Market Institute have published that finding in an analysis of the financial impact of caregiving. The researchers used data from a survey of 1,112 male and female caregivers ages 50 and older who had a living parent.
The researchers looked only at caregivers who were caring for parents, not for caregivers who were caring for friends, neighbors or other types of adult relatives.
The researchers found that, on average, the median hourly wage for caregivers is $16.36 for women and $12.40 for men.
For workers with no caregiving responsibilities, the median hourly wage is $16.79 for women and $20.91 for men.
For male caregivers, the median hourly wage is 69% less than median hourly age for other men.