Cost of Informal Caregiving Is $522 Billion Annually

The price tag for informal caregiving of elderly people by friends and relatives in the United States comes to $522 billion a year, according to a new RAND Corporation study. Replacing that care with unskilled paid care at minimum wage would cost $221 billion, while replacing it with skilled nursing care would cost $642 billion… Continue reading Cost of Informal Caregiving Is $522 Billion Annually