It has come to this: Someone stole more than $100,000 from my mother’s checking account. Someone else stole her purse, including all of her identification. And the federal government has cut off her Social Security payments. The Unites States is no longer a good place to grow old.
Family Care-Giving Is Workplace Issue
“We know caregiving is associated with loss of retention, reduced productivity and higher stress,” said Drew Holzapfel, director of global commercial development at Pfizer Inc. This impacts caregivers’ wages, Social Security and pension benefits over the course of their career at a time when they need to be saving for their own retirement, he explained. Additionally, it impacts organizations as they experience a loss of talent.
The U.S. is getting older. Americans are living longer, and there are more seniors in the workforce. That means more care-giving responsibilities for everyone.
SHRM’s research shows that members feel two key demographic trends are the growth in the number of workers with eldercare responsibilities, and those with both childcare and eldercare responsibilities.
