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Employees who care for aging parents cost a lot [GenBetween]

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As the workforce ages, so do their parents and workers who are absent from their jobs to care for their parents cost their employers a lot of money.

Some statistics say that it’s a wide spread issue:

According to Barbara McVicker, author of the new book “Stuck in the Middle…shared stories and tips for caregiving your elderly parents”, 50-70 million Americans provide caregiver support to their elderly loved ones

And other stats from the Council on Aging in Silicon Valley include:

- 70% of those who are working TAKE TIME OFF to provide this care

- 15% of them QUIT THEIR JOBS when full-time care is needed for their elderly loved ones

- California businesses (and in all states) lose BILLIONS of dollars and lost productivity EACH YEAR due to their employees handling elder care of their loved ones

I don’t know that the answer is since both sides, employee and employer, each have responsibilities, but I do think we’re going to have to continue to find ways to support those workers with aging parents and caregiver duties because they will be away from work on more than a few occasions.

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