Elder care costs in the U.S. are rising faster than inflation, with at-home care increasing by 8.7%.

Elder care costs in the U.S. are rising faster than inflation, with at-home care increasing by 8.7% over the past year. AARP reports that unpaid caregivers now average $7,200 annually in costs, up from $7,000 in 2016. Vice President Kamala Harris has proposed Medicare coverage for these costs, funded by expanding drug price negotiations and addressing fraud. The financial strain disproportionately affects women and people of color, highlighting a growing caregiving crisis.

October 16, 2024
14 Articles