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Washington University in St. Louis

All Theses and Dissertations (ETDs)

Wealth

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The Long-Term Costs Of Caring: How Caring For An Aging Parent Impacts Wealth Trajectories Of Caregivers, Jennifer Crane Greenfield Apr 2013

The Long-Term Costs Of Caring: How Caring For An Aging Parent Impacts Wealth Trajectories Of Caregivers, Jennifer Crane Greenfield

All Theses and Dissertations (ETDs)

Long-term care in the U.S. is a growing concern as our aging population exerts pressure on formal and informal care systems. Public expenditures on formal care are increasing rapidly, even as reliance on informal caregivers expands. Recent policy innovations are shifting Medicaid and Medicare funding toward home- and community-based services: HCBS) as an alternative to nursing home care. This may help reduce overall LTC care costs to states and the federal government, but it also shifts more responsibility to families and informal care networks. Not only can caregiving have negative impacts on the physical and mental health of caregivers, but …