Which Long-Term Care Support Policies Are Best for Caregivers?

Marc Cohen, Anqi Chen, Claire Wickersham, Christian Weller and Brandon Wilson

Issues in Brief from Center for Retirement Research

Abstract: The brief’s key findings are: 1 Family caregivers are vital to meeting the long-term care needs of older adults, but it means financial sacrifices in lost earnings or out-of-pocket costs. 2 Various policies could reduce the burden, but it remains unclear which ones help the most, so this study asked caregivers directly. 3 Caregiver focus groups strongly prefer direct payments for caregiving and cost reimbursement over respite care, tax or Social Security credits, and paid leave.4 Direct payments are especially popular among non-White caregivers, which accords with national data showing they provide more care and work less.5 Finally, a separate analysis estimating the monetary value of the policy options aligns with the views of focus group participants.

Pages: 10 pages
Date: 2024-12
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Persistent link: https://EconPapers.repec.org/RePEc:crr:issbrf:ib2024-25

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