THE '65 AND OVER' POPULATION IS ACCELERATING FASTER THAN ANY OTHER AGE GROUP. THE FUTURE DEPENDS ON EMPLOYED CAREGIVERS.
Life expectancies have risen sharply, from a global average of 49 years in 1955 to 72 years today. By 2040, the global population of those aged 65-and-older will reach 1.3 billion, double what it is today. In developed countries, those 65-and-over now outnumber those under the age of 15 for the first time ever (Source: PGIM)
THE WORKPLACE HAS ALREADY FELT THE PROFOUND EFFECTS OF OUR AGING POPULATION
The Caregiving Impact on Employees
The typical family caregiver is a working 49-year old woman. She spends an avg. 24/week providing personal assistance to her parent or in-law. Most work full-time but three in five say caregiving has affected their ability to do their jobs
An astounding two-thirds of all caregivers are in the workplace.
Companies benefit from elderly care programs.
Boston University's Center on Work & Family found family-friendly policies and programs reduced absenteeism and stress, and improved morale.
Most companies have no formal policies to help employees find elder care services. 90% of companies expect an increase in the number of employees caring for elderly relatives.
The rising demand for family members to provide care will continue to increase as the older adult populations continues to grow.
Access to a geriatric care manager provides invaluable support, consultation, and information to an employee with eldercare responsibilities.