Adolescents Provide $13 to $51 Billion Worth of Informal Family Caregiving Services to the United States Economy
Emma Armstrong-Carter,
Joshua Gilbert,
Tristan Silfverskiold
et al.
Abstract:The US is facing a well-documented caregiving crisis, with more aging adults requiring informal caregiving in the home and fewer young people available to support them. This paper calculates the current economic value of care provided by unpaid adolescents (ages 10 to 17) to ill and disabled family members. Leveraging large scale, national datasets, we estimate that the national economic value of informal caregiving provided by adolescents is $13.44 to $50.59 billion. This figure corresponds to 3-14% of the $4… Show more
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