Family Caregivers – What They Spend, What They Sacrifice: Findings from a National Survey

The out-of-pocket cost of caring for an aging parent or spouse averages $5,531 a year, according to the nation's first in-depth study of such expenses, a sum that is more than double previous estimates and more than the average American household spends each year on health care and entertainment combined. This Evercare/NAC study found that as many as 17 million people care for a loved one 50 years or older and are spending more than 10 percent of their annual income on caregiving expenses.