Caregivers are getting younger on average.
So are their care recipients.
And the caregivers are weighed down by depression and battling stress, despite the pride they feel at being able to help their charges.
Those are some of the findings of Genworth’s latest Beyond Dollars study, which also reports that no matter a caregiver’s age, the burdens of providing care hit hard.
Back in 2010, at the time of the first Beyond Dollars study, caregivers were 53 years old on average, but that’s dropped steadily over the intervening years. Now more than half (58%) of them fall between the ages of 25 and 54, with an average age of 47.
Their charges are younger, too — 66 on average, down from older than 75 in 2010.
Why are so many younger people in need of care? Blame accidents. In 2010, just 11% of those on the receiving end of such care were the victims of accidents that made them unable to fend for themselves, but in 2018 that’s risen to 21%. Still, age-related physical limitations (44%) and illness (32%) are still responsible for the majority of those needing care.