Tuesday, February 20, 2024
More
    HomeWorldCaregivers of Veterans Spend $11,500 on Average Each Year on Expenses, New...

    Caregivers of Veterans Spend $11,500 on Average Each Year on Expenses, New Data Shows

    Caregivers of Veterans Spend $11,500 on Average Each Year on Expenses, New Data Shows

    Veteran and caregivers spend an average $11,500 of personal income each year on out-of-pocket expenses related to supporting their loved ones, 150% more than other family caregivers in the U.S., according to data from AARP and the National Alliance for Caregiving.

    More than 6.5 million veterans and military caregivers provide $14 billion in unpaid labor caring for their service members each year, even as the Department of Veterans Affairs offers extensive services for caregivers.

    Advocates say the striking disparity means more must be done to ensure that veteran caregivers are aware of the resources available, not only through the VA, but through nonprofits that aim to ease their financial and emotional stress.

    Read Next: Veterans, Advocates Want Blood Cancers Added to Act List of Burn Pit-Related Conditions

    According to AARP and the National Alliance for Caregiving, 43% of veteran and military caregivers experienced at least one financial setback such as having to take on debt or use personal savings to cover personal expenses related to caregiving, including transportation and travel, respite care, geriatric services and more.

    Amy Goyer, AARP's caregiving expert, learned late in her caregiving experience for her parents that her father was eligible for veterans benefits. For Goyer, knowing that earlier may have helped prevent her from having to declare bankruptcy, she said.

    “My dad had not needed help,…

    Continue Reading This Article At Military.com

    Stay Connected

    34,572FansLike
    4,123FollowersFollow
    1,739FollowersFollow

    Latest articles

    AlphaDog Hosting Ad

    Related articles

    Leave a reply

    Please enter your comment!
    Please enter your name here
    Captcha verification failed!
    CAPTCHA user score failed. Please contact us!