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GoPro stock drops after key supplier’s outlook
Oil prices keep sliding; WTI down2%
Europe stocks waver | FTSE 100 regains ground

China stocks rebound from day’s sharp selloff
Intel overhauls chip business to revive PC sales
Tesco closes in on $7 bln S. Korea deal
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves

Still too many gold market bulls, says Hulbert
Morgan Stanley cuts S&P 500 price target
Tuesday’s 10 weakest S&P 500 stocks

China stock market to close for World War II anniversary
China tightens controls to fight capital outflows

Never use a market order when stocks are selling off

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide

Workers don’t do better in unions
Opinion: Workers don’t do better in unions
Raising wages to $15 would raise prices by 4%
LA: $15 wage will lift 600,000 out of poverty

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Unlucky lottery winner gets IOU from Illinois

The 11 richest people on the planet under 35
The 11 richest people on the planet under 35

Babe Ruth’s New York apartment is for sale

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM


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/quotes/zigman/16008150/realtime/sampled 120.05 +0.68 0.57%
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/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.15%
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/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.10%
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WSJ $ Idx
/quotes/zigman/41508961/realtime 88.49 +0.32 0.37%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.01 0.29%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.02 2.21%
Italy 10yr
/quotes/zigman/15866497/realtime 1.99 -0.01 0.40%
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GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
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T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
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5 yr CD
1.5%
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0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
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Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Encore
A blog about living in and planning for retirement

The Impact of Caregiving on Health and Finances

iStockPhoto

Those who serve as caregivers to elderly relatives need no reminder of the potential toll it can take. For the rest of us, a new report from AARP Public Policy Institute may prove instructive.

Titled “Valuing the Invaluable: 2011 Update, The Growing Contributions and Costs of Family Caregiving,” the report quantifies the emotional and financial stress many caregivers experience.

According to the report, one in four adult Americans serve as caregivers to an elderly relative, friend, or spouse experiencing difficulty managing daily activities. In 2009, that translated to about 42.1 million caregivers at any given point in time. “Since some episodes of caregiving begin or end during the year, the total number of individuals providing care during the year is significantly higher, estimated at 61.6 million,” the report adds.

The profile of a typical caregiver is not surprising. She (some 65% are women) is 49-years-old and works outside the home.

Here’s where the stress comes in: She spends nearly 20 hours a week providing care–juggling such tasks as administering medications, providing transportation, and serving as a health care advocate with responsibilities to an employer and other family members. The average caregiver does this for five years. Phew…..

It’s not surprising, then, that the report finds that caregiving can take a considerable toll on the caregiver’s physical and emotional health:

  • 69% of caregivers responding to an online survey said caring for a loved one was their #1 source of stress.
  • A “review of studies” suggests that about 25% to 50% of caregivers meet the diagnostic criteria for “major depression.”
  • An estimated 17% to 35% of family caregivers perceive their health as fair to poor–a higher range than noncaregivers report.

There are also many signs that those taking on this role experience financial stress. Some even make sacrifices that could potentially compromise their own retirement security:

  • One study found that in 2009, about 27% of caregivers reported a “moderate to high degree of financial hardship as a result of caregiving.”
  • A recent survey found that 60% “were concerned about the impact of providing care on their personal savings.”
  • 21% say that caregiving “strains their household finances,” with 42% of caregivers spending more than $5000 a year on caregiving expenses.
  • Almost 70% report “making work accommodations,” including leaving early or taking time off.

Those who reduce their hours or quit sacrifice future wages and benefits. According to a recent study, those who leave the workforce forfeit about $116,000 in wages, $138,000 in Social Security, and $50,000 in pension benefits. “These estimates range from a total of $283,716 for men to $324,044 for women, or $303,880 on average,” the AARP report says.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 5)

View all Comments »
    • That is a good job

    • Many of the statistics that are cited come from recent studies done by the National Alliance for Caregiving and underwriten by MetLife. Readers can learn more at http://www.caregiving.org.

    • For caregivers juggling work, family life and caregiving, they may want to consider a free, private Community web site to organize family and friends during times of need called Lotsa Helping Hands. Family caregivers can get respite and relief from tapping into the many offers of help they receive from their circle of friends and family. The service includes an intuitive group calendar for scheduling meals, rides and other daily activities as well as community sections (well wishes, blogs, photos) that provide emotional support to the family. http://www.lotsahelpinghands.com/

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

MarketWatch - Stock Market Quotes, Business News, Financial News
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 +0.6% /quotes/zigman/38649152/delayed DOW +0.7% /quotes/zigman/30356458/delayed NASDAQ +0.7%

need to know
GoPro stock drops after key supplier’s outlook
Oil prices keep sliding; WTI down2%
Europe stocks waver | FTSE 100 regains ground

China stocks rebound from day’s sharp selloff
Intel overhauls chip business to revive PC sales
Tesco closes in on $7 bln S. Korea deal
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves

Still too many gold market bulls, says Hulbert
Morgan Stanley cuts S&P 500 price target
Tuesday’s 10 weakest S&P 500 stocks

China stock market to close for World War II anniversary
China tightens controls to fight capital outflows

Never use a market order when stocks are selling off

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide

Workers don’t do better in unions
Opinion: Workers don’t do better in unions
Raising wages to $15 would raise prices by 4%
LA: $15 wage will lift 600,000 out of poverty

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Unlucky lottery winner gets IOU from Illinois

The 11 richest people on the planet under 35
The 11 richest people on the planet under 35

Babe Ruth’s New York apartment is for sale

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM


/conga/frontpage.html 353914

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,291 -4 0.19%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.18%
Oil
/quotes/zigman/2331095/delayed 44.63 -0.78 1.72%
FTSE 100
/quotes/zigman/3173262/delayed 6,064 +6 0.10%
DAX
/quotes/zigman/2380246/delayed 10,041 +26 0.26%
CAC 40
/quotes/zigman/3173214/delayed 4,551 +10 0.21%
FTSE MIB
/quotes/zigman/1482176/delayed 21,610 +158 0.74%
IBEX 35
/quotes/zigman/2759620/delayed 9,960 -33 0.33%
Stoxx 600
/quotes/zigman/2380150/delayed 353 +0 0.02%
Asia Dow
/quotes/zigman/6959860/realtime 2,703 -14 0.53%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 -0.01 0.47%
Yen
/quotes/zigman/16008150/realtime/sampled 120.05 +0.68 0.57%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.15%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.10%
DXY Index
/quotes/zigman/1652083/delayed 95.70 +0.32 0.34%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.49 +0.32 0.37%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.01 0.29%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.02 2.21%
Italy 10yr
/quotes/zigman/15866497/realtime 1.99 -0.01 0.40%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 +0.01 0.38%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.80 -0.03 1.46%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 45 -1 1.72%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.18%
Corn
/quotes/zigman/7599553/delayed 368 -1 0.27%
DJIA F
/quotes/zigman/38649152/delayed 16,195 +108 0.67%
S&P F
/quotes/zigman/30356461/delayed 1,928 +12 0.62%
Silver
/quotes/zigman/3134148/delayed 14 0 1.03%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/12221594/composite AMBA-6.30%
  • /quotes/zigman/85741/composite TASR-3.85%
  • /quotes/zigman/130316/composite NAV-2.69%
  • /quotes/zigman/219890/composite HRB-3.15%
  • /quotes/zigman/11592504/composite DGLY-5.64%
X
Powered by StockTwits
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