A caregiver is something that is very common rather you are bring someone to their doctor appointment or running errands for them. This is something that can happen to you gradually or overnight by a fall or stroke.

There are only 4 kinds of people in this world.

1. Those who have been caregivers
2. Those who are currently caregiver
3. Those who will be a caregiver
4. Those who will need a caregiver.

The average duration of long term care is about 4 years. 40 million people will be providing care giving, 80% live in their own home or with unpaid caregivers.

There are 2 types of financial caregivers

1. Financial Coordinates – you pay the costs of care 68%
2. Financial coordinates 88%

Caregiver are overseers and organizes the care recipient finances such as paying bills, managing investments, preparing taxes, handling insurance and monitoring accounts. Often woman (spouse/daughter) are the caregiver due they typical live 4-5 years longer than men.  The percentage of likely hood of needing log-term care by age 75= 1 in 7, age 85= 4 in 7, age 95= 5 in 7. 80% of people age 65 or older will have at least 1 chronic illness. The average annual out of pocket cost for long term care $7,000. The average nursing home cost $12,000 - $15,000 a month. 79% of Asian take care of their love ones, black then Latinos following behind where only 49% of whites.. 1/3 of people do advance care planning, 3/4 do not. 70% of people 65 or will need some form of long-term care in their lives, but only 11% have long term care insurance.

For more information check out www.getpallutivecare.org and www.aginglifecare.org