Managing the Stress of Caregiving: A Guide for Consumers and Financial Advisors

25 Pages Posted: 6 Nov 2019

See all articles by Sterling Raskie

Sterling Raskie

University of Illinois at Urbana-Champaign - Department of Finance

Date Written: November 15, 2017

Abstract

The aging US population increases the need for caregiving for this expanding demographic. People with or without long-term care insurance will still need care from professional caregivers or family. Caregiving from family members, while having some rewards, may cause stress and depression that leads to overall poorer quality of life for caregivers. The paper starts with a focus on defining and observing caregiver stress, as well as its symptoms and effects. The paper transitions to a guide for consumers and financial advisors, giving recommendations and resources beneficial for assisting consumers in the caregiver role and in need of help.

Keywords: Caregiving, Caregiver Burden, Long-term Care

JEL Classification: G20, I19

Suggested Citation

Raskie, Sterling, Managing the Stress of Caregiving: A Guide for Consumers and Financial Advisors (November 15, 2017). Available at SSRN: https://ssrn.com/abstract=3071793 or http://dx.doi.org/10.2139/ssrn.3071793

Sterling Raskie (Contact Author)

University of Illinois at Urbana-Champaign - Department of Finance ( email )

1206 South Sixth Street
Champaign, IL 61820
United States

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