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HomeWealth ManagementValue of unpaid caregiving to create outsized burden for 8 million Canadians

Value of unpaid caregiving to create outsized burden for 8 million Canadians


A latest survey from the Petro-Canada CareMakers Basis with Leger discovered that 60% of household caregivers spend up $500 on care-related month-to-month bills with 17% spending greater than this. That implies that 47% spend extra on caring for family members than on their very own private care, cellphone and web payments, month-to-month groceries, utility payments, automotive funds, and month-to-month childcare prices.

The battle is evident with greater than half of respondents saying they’re discovering it laborious to handle care prices with the present financial challenges.

“Many caregivers are feeling the monetary pressure that comes with caring for a beloved one, which could be much more pronounced when budgets are tight,” says Leila Fenc, Govt Director, Petro-Canada CareMakers Basis. “Whether or not it is the necessity to pay for custom-made provides, modifications to the house, respite care, or the truth that they have to regulate their common work hours to offer care, in the present day’s unpaid household caregivers are completely feeling the load that may include this work.”

There’s a rising want for unpaid carers, with the price of skilled care prohibitive for a lot of. The survey discovered that half of Canada’s unpaid household caregivers underneath 55 have not too long ago taken on a caregiver function because of the rising price of paid care.

Just lately, present retirees informed a Solar Life ballot that they’re paying extra for his or her care than that they had anticipated.

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