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An overwhelming majority (92%) of working caregivers are concerned about the impact of rising costs and the current economy on their families, according to a new survey from the caregiver support platform Homethrive. Additionally, more than 75% of respondents report taking or considering actions that hurt their financial wellbeing—such as incurring debt, turning down a promotion or dipping into emergency savings.
Conducted by YouGov, the Financial State of Family Caregivers Survey includes insight from more than 2,000 adults in the United States, including nearly 500 employed family caregivers. It sheds light on the mounting financial, emotional and logistical burdens shouldered by unpaid caregivers in the U.S.—and how those challenges are affecting today’s workforce. The results, Homethrive officials say, reveal a growing crisis that is quietly reshaping the employee experience.
“Caregivers make up a significant portion of today’s workforce, often balancing unseen responsibilities at home in addition to their jobs,” Dave Jacobs, Homethrive’s co-CEO and co-founder, said in a statement. “Employers have a powerful opportunity to recognize and support these valuable team members in ways that boost wellbeing, performance and retention.”
Related: The ‘sandwich generation’ presents a growing caregiving crisis for HR
An overlooked segment of the workforce Dave Jacobs, co-founder and
