US Edition
Value of family caregiving surpasses $1 trillion annually, new AARP report finds
Family caregivers provide nearly 50 billion hours of unpaid care worth $1.01 trillion annually, supporting older adults and reducing costly institutional care, AARP reports.
- A new AARP report, "Valuing the Invaluable 2026," finds 59 million Americans provide nearly 50 billion hours of unpaid care annually, creating $1.01 trillion in annual economic value.
- As chronic illnesses rise, caregivers now average 27 hours weekly providing high-intensity support like wound care and injections, with 57% handling these complex medical tasks alongside daily care responsibilities.
- The $1.01 trillion economic value exceeds total federal, state, and local Medicaid spending nationwide. AARP Pennsylvania State Director Bill Johnston-Walsh noted caregivers "often pay the price with their own health, financial security, and well-being."
- AARP advocates for federal proposals like the bipartisan Credit for Caring Act, which proposes a $5,000 tax credit to offset caregiving expenses. Up to 12 states are now considering similar legislation.
- The Pennsylvania Department of Aging recently launched the PA CareKit to provide training and respite services for the Commonwealth's more than 2 million family caregivers. This reflects broader recognition of caregiving's essential role.
11 Articles
11 Articles
Nearly four million family caregivers in New York now provide 2.6 billion hours of care annually, equivalent to $58 billion in work each year, according to a new AARP report. New York ranks fourth in the nation in the number of caregivers (3.9 million), number of hours of care and value [...]
Economic Value of Family Caregivers in ND Reaches $1.27B
BISMARCK, N.D. (AARP) – North Dakota’s family caregivers now provide $1.27 billion worth of labor each year, according to a new AARP report. Most of this work is unpaid, yet it forms the backbone of the nation’s long-term care system that is essential to helping millions of older adults live independently at home. Why this matters: Without family caregivers, many more North Dakotans would rely on expensive institutional care, driving significant…
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