Glenn D. Braunstein, M.D.: Caring for Aging Parents Is Labor of Love – With a Cost

There are things in life far more important in life than mere finances…

The financial costs are staggering. When adult children quit their jobs, or cut back on hours, they not only give up immediate income. They also reduce the amount they’ll eventually see in their Social Security checks. They might give up additional years of accumulating pension benefits.

When you tally the lost wages, Social Security benefits and pension benefits, caregivers’ losses total $3 trillion. The average adult child who is a caregiver loses $303,880 in lifetime wages and retirement benefits.

via Glenn D. Braunstein, M.D.: Caring for Aging Parents Is Labor of Love – With a Cost.

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