Coe, Norma B.Skira, Meghan MLarson, Eric B.2023-05-222023-05-222018-10-102018-11-30Coe NB, Skira MM, Larson EB. Estimating a More Comprehensive Measure of the Costs of Caring for a Parent, Journal of American Geriatrics Society, September 2018. doi: https://doi.org/10.1111/jgs.15552https://repository.upenn.edu/handle/20.500.14332/38268Providing unpaid care for an older parent has costs that go well beyond a caregiver’s lost wages. A new estimate suggests that the median direct and indirect costs of caregiving are $180,000 over two years, about the same as full-time institutional care. This estimate accounts for lost earnings as well as non-tangible factors, such as lost leisure time and changes to the caregiver’s well-being. It suggests that informal care cost caregivers at least $277 billion in 2011, which is 20 percent higher than estimates that only consider lost wages.http://creativecommons.org/licenses/by-nd/4.0/informal carelong-term carecaregivingBrief