Across the country, an estimated 53M Americans provide unpaid care for loved ones. 1 This includes those providing care for children, aging parents or partners, including those with a disability or experiencing illness. As the ranks of those giving and receiving care continues to grow, planning and financial needs will demand attention and support. Fidelity’s research shares insights about awareness and management of the costs of caregiving, both emotional and financial; best practices around planning and managing care responsibilities; and lessons to be shared with future caregivers.
This study, fielded from April 16-30, 2021, represents responses of 1,008 American caregivers, all of whom either currently provide care or have been caregivers within the past five years. To be included, caregivers to adults all provide a minimum of five hours of care per week; caregivers to children have either reduced their work hours or left the workforce to accommodate caregiving responsibilities.
About the Fidelity Investments® American Caregivers Study
This study presents findings from a nationwide survey of 1,008 U.S. adults ages 18+ who are current or past (within last five years) caregivers to children or adults. This survey was fielded in April 2021 by Versta Research, an independent research firm not aliated with Fidelity Investments. Caregivers to adults provided at least five hours of care per week. Caregivers to children must have left the workforce to do so or reduced to part time hours. The results of this survey may not be representative of all adults meeting the same criteria as those surveyed for this study.
About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $10.7 trillion, including discretionary assets of $4.0 trillion as of April 30, 2021, we focus on meeting the unique needs of a diverse set of customers: helping more than 35 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 institutions with investment and technology solutions to invest their own clients’ money. Privately held for 75 years, Fidelity employs more than 47,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit www.fidelity.com/about- fidelity/our-company.
1 The National Alliance for Caregiving and AARP, Caregiving in the U.S. 2020, May 2020
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For the full article click here: Fidelity Caregivers Study Fact Sheet 2021