As the population grows older, the number of individuals affected by Alzheimer’s disease and other forms of dementia continues to increase. As a result, more families are stepping into the role of unpaid caregivers for loved ones experiencing cognitive decline. While this care is invaluable, it carries significant personal, financial, and societal burdens. A recent study suggests that if these family caregivers were financially compensated, their earnings could reach six-figure salaries.
Currently, almost 7 million Americans aged 65 and older are living with Alzheimer’s, a number that could nearly double to 14 million by 2060 if current trends persist. Many families take on caregiving responsibilities as professional care services and residential facilities can be costly. In 2023, approximately 11 million Americans were offering unpaid support to family members with dementia, collectively providing an estimated 18.4 billion hours of care. The financial worth of this unpaid assistance is projected at $346.6 billion.
Family caregivers provide comprehensive support to individuals with dementia, assisting with daily tasks such as grooming, dressing, and feeding, as well as managing medications and medical appointments. Beyond physical care, they offer emotional support, companionship, and help with household responsibilities, contributing to their loved ones' comfort and dignity.
Providing care for someone with dementia can be emotionally and physically challenging. Witnessing a loved one’s cognitive decline can lead to feelings of sadness and helplessness. The physical demands of caregiving can cause fatigue, while the constant need for attentiveness may lead to anxiety. Additionally, juggling caregiving duties with personal responsibilities can result in isolation and burnout for many family members.
The Centers for Medicare & Medicaid Services recently launched a nationwide test program called Guiding an Improved Dementia Experience (GUIDE) Model. This pilot program seeks to support individuals living with dementia and their family caregivers. It allows eligible patients with Original Medicare to consult with a health care provider participating in the model. A 24/7 help line is also available.
Read more about family caregiving. For help with planning for long-term care services and other elder-care needs, contact our office today at 605-275-5665. We have the only board-certified Elder Law attorney in South Dakota. We can guide you through the options available to meet your unique needs and can help you plan for the future.