By 2029, the last of the Baby Boomers will turn 65 — and 70% of these older adults can expect to need some form of long-term care.1 Many will rely on informal caregivers — typically family members or friends — to support them through the aging process.
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Our Leading Tomorrow: 2024 Caregiver Study explores the challenges facing todays informal caregivers.
Informal caregiving can be challenging. Resources are available to help make it easier.
It’s a family affair
63% of informal caregivers are immediate or extended family members.
Spousal care
27%
of informal caregivers are the care recipient's spouse.
Caregivers often learn on the job
56% of informal caregivers learn key tasks by consulting the care recipient's doctor, while 55% rely on trial and error.
Caregiving can be challenging
51% of new caregivers struggle to balance caregiving with other responsibilities, while 47% experience emotional stress and burnout.
Caregivers seek advice
64%
of informal caregivers turn to medical professionals for advice and resources, while 53% consult friends and family.
Personal care is preferred
49% of care recipients have insurance for formal caregiving, but many still choose informal care, with 91% of informal caregivers being unpaid.
Leading Tomorrow: 2024 Long-Term Care Consumer Study
In addition to the Caregiver Study, we also completed The Leading Tomorrow: 2024 Long-Term Care Consumer Study which surveyed individuals aged 40+ across the U.S. who have explored LTC options. The goal? To help us better understand their perceptions of LTC coverage, which features they value, and where they go to find information about LTC.
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Caring expertise, at every step. That’s the promise of OneAmerica Financial. Let’s talk and see what our long-term care protection options can do for your clients.
1. Caregiver Resources & Long-Term Care (U.S. Department of Health and Human Services)
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OneAmerica Financial is the marketing name for the companies of OneAmerica Financial. Products issued and underwritten by The State Life Insurance Company® (State Life), Indianapolis, IN, a OneAmerica Financial company that offers the Care Solutions product suite. Provided content is for overview and informational purposes only and is not intended as tax, legal, fiduciary, or investment advice.