When $950 Becomes $7,225,000: The Case for Investing in Family Caregivers

What if our local economies invested in family caregivers because they understood the investment paid off?

I did the math for my local community: a Chicago suburb with a population of about 50,000. Investing $2,375,000 annually to support 2,500 family caregivers — at just $950 per caregiver — compares to an estimated annual economic loss of $9,600,000 when family caregivers go without support. The net community advantage of investing: $7,225,000.

I built a calculator so you can run these numbers for your community. It models the impact of three targeted investments: Family Emergency Planning meetings, one-on-one coaching with a Certified Caregiving Consultant™, and a $500 services grant that family caregivers direct themselves.

Check out your numbers.

And I’d love to hear from you: What kind of caregiving support would help ease your stress and improve your quality of life?

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