It's easy to put distance between you and the devastation that happens to others. ...Until it happens to you.

Even AARP’s expert on caregiving was bankrupted by caregiving costs

It’s not easy being a caregiver for a sick or elderly parent or relative. Nor is it cheap.
Family caregivers provide an estimated $470 billion worth of free care to loved ones, according to the Wall Street Journal, and spend an average 26% of their personal income on caregiving expenses.
A third of caregivers use their own personal savings to pay the bills. Twelve percent take out loans or borrow from others.
It’s such a financially perilous situation that AARP’s own caregiving expert, Amy Goyer, filed for bankruptcy protection in 2019 as a result of attending to the needs of her ailing parents.
She simply ran out of cash after more than a decade looking after her mother, who had a stroke, and her father, who had Alzheimer’s.

by David Lazarus / KTLA.com / Published February 21, 2022

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