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Business

Share your elder care costs with Business Insider

Business Insider ·
Share your elder care costs with Business Insider

Families are paying hundreds of thousands of dollars a year in long-term care costs. kitiwan mesinsom/Getty Images Business Insider is seeking reader responses to document elder care costs in the US.

Caring for elderly relatives can cost families over $200,000 annually.

Families are facing uncertainty in predicting long-term care expenses for elderly relatives.

Caring for an older relative is expensive.

We want to document what long-term care really costs American families, bill by bill.

One of the biggest problems families face is not knowing how much they are likely to spend, and there are few resources that offer any frame of reference.

We are inviting readers to share their stories with Business Insider reporters to help us assemble a comprehensive look at these costs.

We want to know how much caring for an older loved one has cost you and your family.

Getting your input will help us break down barriers to accessing financial information and better prepare our readers for their futures.

This matters because long-term care costs have burdened families across the country.

Some told Business Insider that they've spent over $200,000 a year on memory care facilities.

Others have shelled out $450,000 on tiny homes for their parents.

Many have put their jobs, retirement planning, and livelihoods on hold to care for their older loved ones, some moving abroad to afford it.

To participate in our series, which we anticipate will be published over the course of the next year, please complete the questionnaire below, which asks a few basic questions about your elder care situation.

Read the full article on Business Insider ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.businessinsider.com — the content belongs to Business Insider.

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