Jul 28 2011
The Fiscal Times: The Growing Retirement Nightmare for Women
The percentage of adult children providing personal care or financial assistance to a parent has more than tripled since 1999, according to a 2011 study by MetLife Mature Market Institute. The result: $142,693 in lost wages and lost social security benefits of $131,351. With increased life spans, there are more people living with chronic conditions, "so you have someone who needs care at this point who in the past would not have survived," says John N. Migliaccio, MetLife's director of research. This burden typically falls on women (Halpert, 7/26).
This article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente. |