woman giving man medicine Spousal caregivers had lower levels of retirement assets and less income than married noncaregivers. (Photo: Shutterstock)

Family caregivers’ retirement is at risk if they must cut their working hours or pay for caregiving expenses in providing care to elderly parents or spouses.

That’s according to GAO-19-382, “Retirement Security: Some Parental and Spousal Caregivers Face Financial Risks,” which finds that Bureau of Labor Statistics data indicate that an estimated tenth of Americans provided care to a parent or spouse for some period of time from 2011 through 2017, with women and minority caregivers being the most likely to be the ones providing care.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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