Many Canadian Caregivers Putting Their Own Financial Security at Risk to Care for Loved Ones: Study
Nearly half of Canadians who provide financial care to older loved ones say they make personal financial sacrifices to do so, according to a study by Edward Jones. The study, released Oct. 14, found that 46 percent of financial caregivers to adults aged 65 and older make such sacrifices. The figure rises to 57 percent among those caring for adults aged 18 to 64 with disabilities.
TL;DR
- 46% of Canadian financial caregivers for adults 65+ make personal financial sacrifices.
- 57% of caregivers for adults 18-64 with disabilities make personal financial sacrifices.
- The study by Edward Jones surveyed 2,152 Canadian financial caregivers.
- The report, titled “The Financial Impact of Caregiving,” examines financial and emotional burdens.