BOSTON, MA – Family First, the leading provider of caregiving solutions for employers and insurers, has released three urgent recommendations to address the growing crisis facing caregivers, employers, and our country.
New data from Family First’s Caregiver Risk Index (CRI) for the third quarter of 2023 reveal the highest level of stress and burnout among caregivers that Family First has ever recorded. Family First’s CRI measures each caregiver’s risk of burnout using a proprietary, evidence-based methodology.
“From our work at Family First, we know first-hand the challenges caregivers face,” said Sara MacDonald, Chief Operating Officer for Family First. “With the CRI, we have an objective, quantitative model for this burnout, and this latest data show the stress and burnout experienced by caregivers is at levels we’ve never seen before.”
With more than 73% of employees balancing caregiving and work, the stress on families includes financial challenges. The Department of Health and Human Services reports that people in these situations lose more than $522 billion in annual income, and research from AARP predicts lost GDP by as much as $4.1 trillion by 2050.
Family First urges federal, state, and local governments to address this crisis comprehensively by implementing critical initiatives, including:
“Caregiving is a public health crisis affecting tens of millions of Americans,” said Evan Falchuk, Family First CEO. “At a time when so many families face unsustainable levels of stress and burnout, policymakers have a tremendous opportunity to put in place solutions that will have a real, meaningful impact right away.”
This article was originally published on EIN News >>