Providing eldercare to your loved ones is not only time-consuming, but can be expensive as well to maintain in the long term.
Below is a link which highlights a study in Japan that details the increasing need for healthcare for older people with dementia.
The following table displays Canadian statistics regarding providing eldercare worker volume, lost work time in billions of dollars as well as associated expenses for providing eldercare over a predetermined period.
|Number of Canadians providing care to disabled relatives (mostly seniors)||8 million1|
|Number of hours spent caregiving (for free) per year||114 million|
|Amount of productivity lost due to lost work time||$1.3 billion2|
|Average travel per month in order to give support||225 km/mo3|
|Estimated value of this "volunteer labour" annually||$20-30 billion|