The Blog to Transform Advanced Care
Advancing Care through Innovation, Observation and Collaboration.
This is the final installment in a three-part blog series which highlights the variety of challenges faced by caregivers.
By: Kenny Rakwong, Database, Operations, and Research Intern, C-TAC
Millennials represent at least 25 percent of the 40 million caregivers in the United States. It’s important to consider and identify the unique challenges that these new caregivers face because they will have broad implications for caregivers as these age groups continue to make up a larger share of the overall caregiving population.
Although millennial caretakers are more likely than other caregiving generations to be employed, nearly 34% are considered low-income (earning less than $30,000 per year). Low-income caregivers may experience difficulties, such as having fewer financial resources to help them support their patient and themselves. Therefore, low-income caregivers on average spend more of their income on caregiving costs than their higher-earning counterparts. Apart from financial issues, caregivers indicated that their caregiving responsibilities have affected their job in numerous ways. Challenges include commonly being forced to show up to work late, leaving early, and cutting back on available work hours. In comparison to boomers, millennials are more likely to be given warnings about their performance and attendance, turned down for promotions, or fired from their job. These practices can hinder early career development for millennial caregivers, resulting in risks of missing out on long-term financial security and capabilities for the caregiver over the long term.
As millennials continue to grow and become a larger part of the caregiving labor force, employers will need to adapt their workplace policies to be more caregiver-friendly, offering benefits such as flexible hours, telecommuting, and paid time off. This will benefit employers as well as workers by reducing employee turnover and absenteeism. Caregivers provided with adequate support from their workplace will be able to thrive and have the necessary income to provide their loved one with quality care.