Article
Informal caregiving: Measuring the cost and reducing the burden
By Matthew Smith and Christin Kuretich
30 April 2023
The Society of Actuaries (SOA) Research Institute engaged Milliman to conduct an analysis of the need for informal caregiving and its impacts on employees, employers, and other stakeholders. The purpose of this research is to educate stakeholders, policymakers, and other interested parties of the nature of informal caregiving, as well as how the challenges associated with informal caregiving might be addressed.
The main sections of the report, available on the SOA website, discuss:
- The current state of caregiving
- Future caregiving needs
- Today’s options for those who need care
- Potential solutions to address the demand for caregiving