Wednesday, July 19, 2006

Caregivers and gender

Genworth Financial in the US reports on LTC yesterday. They state that women have a 60% greater chance of entering LTC and that women experience significant financial hardships in their roles as unpaid caregivers. With the first of America's 77 million bababy boomers turning 60 this year there is a need to consider LTC and wellness. Key findings include estimates of 23 million unpaid caregivers ( 70% of whom are women) , 19% of caregivers provide 'constant care' of at least 40 hours a week ( of those 80% are women) and women aged 65 and older have a 44% chance of entering a nursing home compared to 27% of men.

Women Bear Greater Share of Long Term Care Risks and Costs According to Genworth Financial Study

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