Here’s a number – 2,000. That’s how many donors we need this fall to stay on track. Can we count on you?
The economy doesn’t care if you volunteer in your community. In fact, the Gross Domestic Product doesn’t count volunteer work at all, and that includes unpaid care-giving for a sick loved one. But with such high costs for elderly home care, there’s often no alternative, as Marketplace’s Chris Farrell says.
“The economic value of this unpaid work? It’s enormous,” says Farrell, noting how the MetLife Foundation tried to come up with a figure for adults taking care of their aging parents. Including lost wages, lost Social Security benefits and lost potential savings, they added it all up to $3 trillion.
Click the audio player above to hear more of Chris Farrell’s thoughts on what unpaid care-givers face in today’s economy.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.