Family caregivers spend $7,000 a year out of pocket, AARP says

Family caregivers in the US face significant financial burdens, with out-of-pocket expenses averaging $7,000 annually. This amount represents about 26% of their average income. A large portion of these expenses goes towards housing.

There are approximately 63 million family caregivers nationwide, which is nearly one in four adults. Further information on this topic, including recommendations for building a caregiving plan, is available from the AARP and InvestigateTV.