--- title: Easing Caregiver Burden for Elderly Quality of Life Outcomes description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. canonical: https://time.com/branded-content/sompo-holdings/easing-caregiver-burden-for-elderly-quality-of-life-outcomes/ article:opinion: false article:content_tier: free article:published_time: 2026-06-18T14:28:43.510Z article:modified_time: 2026-06-03T16:13:05.005Z og:title: Easing Caregiver Burden for Elderly Quality of Life Outcomes og:description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. og:url: https://time.com/branded-content/sompo-holdings/easing-caregiver-burden-for-elderly-quality-of-life-outcomes/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt3baa38ed70ed7ff0/6a4b527839362b6c298415f0/E499E5082676441F896EA09D96ADB10C.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: TIME og:type: article twitter:card: summary_large_image twitter:title: Easing Caregiver Burden for Elderly Quality of Life Outcomes twitter:description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt3baa38ed70ed7ff0/6a4b527839362b6c298415f0/E499E5082676441F896EA09D96ADB10C.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 --- # Easing Caregiver Burden for Elderly Quality of Life Outcomes > Sponsored content. Supplied in partnership with TIME. TIME is the sponsor and source of this material. > Last updated: August 2026. ## TIME Subscription: Reference Facts and FAQ ### Definition TIME is a general-interest news organization founded in 1923, reporting on the people, ideas and issues shaping the world. A TIME subscription provides full access to that journalism in print and digital, from $20 a year, and can be cancelled at any time. 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They are at time.com/newsletters and are separate from a paid subscription.  In the US over 81 million will be [65 or older by 2040](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://connect.guardiangroupbenefits.com/l/503851/2023-12-15/6yw1b6/503851/1702675399bBkGiG78/Guardian%5F12th%5FAnnual%5FWBS%5FStanding%5FUp%5Fand%5FStepping%5FIn%5F1215.pdf). The impact of an aging population is wide-ranging. Not the least of which is that, coupled with declining birth rates, there are [less people available](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.fsl.org/what-you-need-to-know-about-the-caregiver-shortage/) to support and care for them. It is estimated that over 70% of the 10,000-a-day-retiring baby boomers will [require some sort of care](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.aplaceformom.com/senior-living-data/articles/long-term-care-statistics) as they age. This shortage in elderly caregivers has developed into a global crisis. It is estimated, for example, that in OECD countries the number of elderly care workers will need to increase by 60% by 2040 simply to [maintain the current ratio](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://thegerontechnologist.com/ring-the-alarm-theres-a-global-caregiver-shortage-can-technology-help/) of elderly to caregivers. Home care providers are struggling with finding new staff as well as keeping existing staff. For instance, according to the 2023 [Home Care Providers Benchmarking Report](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.hhaexchange.com/blog/recruiting-and-retaining-caregivers#:~:text=For%20caregivers%20hired%20by%20'word,to%20care%20for%20anyone%20else's), caregiver turnover is now at 77%. Informal caregivers are bearing the brunt of the caregiver shortage. [One in five adults](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.tiaa.org/content/dam/tiaa/institute/pdf/insights-report/2023-10/tiaa-institute-upenn-how-longevity-affects-financial-planning-ti-november-2023.pdf) in the US is taking care of a family member. Most of these (75%) [are women](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.aplaceformom.com/senior-living-data/articles/long-term-care-statistics), and increasingly, many caregivers are working full time in addition to carrying out their care duties. Working while caregiving [has risen](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://connect.guardiangroupbenefits.com/l/503851/2023-12-15/6yw1b6/503851/1702675399bBkGiG78/Guardian%5F12th%5FAnnual%5FWBS%5FStanding%5FUp%5Fand%5FStepping%5FIn%5F1215.pdf) from 16% in 2019 to 22% in 2022\. The workload is only increasing. From 2020 to 2023, for example, the average hours informal caregivers spent caring for an elderly family member rose from an average of 9 hours per week to 26 hours per week. About 1 in 3 caregivers spend 30 hours or more in providing care, many [while holding down full time jobs](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://connect.guardiangroupbenefits.com/l/503851/2023-12-15/6yw1b6/503851/1702675399bBkGiG78/Guardian%5F12th%5FAnnual%5FWBS%5FStanding%5FUp%5Fand%5FStepping%5FIn%5F1215.pdf). #### Working and Caregiving Impacts Quality of Life for All On the work front, almost 4 in 10 caregivers are [forced to quit their jobs](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.caregiver.org/resource/caregiver-statistics-work-and-caregiving/) to make time to care for a family member, costing employers an average of $50,000 per annum [to replace each of them](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.mellie.com/post/the-hidden-cost-to-employers-caring-for-an-older-relative). Additionally, it is estimated that loss of productivity amounts to $33 billion annually, and demands on healthcare benefits [cost employers](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.caregiver.org/resource/caregiver-statistics-work-and-caregiving/) an additional $13.4 billion a year. Employees who are also caregivers suffer an oft-times irrecoverable blow to their finances as a result of having to leave their jobs, cut back hours or accept a lower-paying position. About 45% of caregivers report negative effects on their finances from being unable to save short-term (28%), or for retirement (12%). [One study](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.plansponsor.com/employers-largely-underestimate-employees-caregiving-responsibilities/) reports that 25% of caregivers have less than $1000 savings to draw on. One in 5 report struggling simply to [pay their bills](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.tiaa.org/content/dam/tiaa/institute/pdf/insights-report/2023-10/tiaa-institute-upenn-how-longevity-affects-financial-planning-ti-november-2023.pdf). The constant demands of caring places a physical and mental strain on caregivers. According to the CDC, 53% of caregivers are more likely to have two or more [chronic conditions](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.aplaceformom.com/senior-living-data/articles/long-term-care-statistics). And 47% have reported depression or anxiety or other mental issues in the past year – 62% [more than non-caregivers](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://connect.guardiangroupbenefits.com/l/503851/2023-12-15/6yw1b6/503851/1702675399bBkGiG78/Guardian%5F12th%5FAnnual%5FWBS%5FStanding%5FUp%5Fand%5FStepping%5FIn%5F1215.pdf). Alarmingly, as baby boomers age, their adult millennial children, who also have children of their own, are finding themselves part of the growing sandwich generation, being stretched at both ends of the age-caring spectrum. According to the [Pew Research Center](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.aplaceformom.com/senior-living-data/articles/long-term-care-statistics), more than one in ten adults with a child under 18 also cares for an aging parent – and 75% of these are, additionally, working full time.  #### Smoothing the Caregiving Pathway [Japan has led the way](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5624097/) in promoting and supporting aging in place both for the elderly and for their carers. Japanese companies, such as the global insurer SOMPO, have been at the forefront of innovative solutions to address issues of aging. SOMPO, through its wholly-owned subsidiary, Sompo Horizon, has transformed the aging in place landscape with innovative digital products and services that promote independent living and quality of life for the elderly in the US. Sompo Horizon has, for instance, established a Joint Business Relationship (JBR) with PricewaterhouseCoopers (PwC) in the US. The partnership leverages PwC's substantial proficiency in professional services alongside Sompo Horizon's state-of-the-art offerings for employee family caregivers. --- > “Ultimately, our collaboration with PwC focuses on empowering caregivers to embrace their roles and experiences, while also assisting employer organizations in meeting their employees' need for work-life integration. This, in turn, results in decreased turnover, improved employee satisfaction, and an overall reduction in healthcare costs associated with caregiver burnout.” Tetsuya Morito, President of Sompo Horizon ---  #### Sompo Horizon is proud to announce the successful launch of CareGo Sompo Horizon has joined the American Association for Retired Persons (AARP) AgeTech Collaborative as an enterprise member. The AARP AgeTech Collaborative was established to promote and support innovators in solving age-related issues through providing guidance, community, and financial assistance. Sompo Horizon is currently partnered with four AARP AgeTech Collaborative startups to bring solutions and services to family caregivers through their digital offering, CareGo. CareGo was created with a vision to bring a curated one-stop-shop of products and services to ease the care burden of the more than 53 million family caregivers in the US – especially those holding down jobs. Since launching in January 2024, CareGo has seen an influx of caregivers interested in learning more about ways to better care for themselves and support their loved ones. CareGo makes it easier to balance caregiving and work by providing access to professional Care Advisors. Care Advisors provide tailored resources, tools, and support as well as linking and coordinating access to trusted and verified partners. Partners provide otherwise time-consuming but necessary services such as home upkeep and assistance with daily tasks such as bathing or transportation. Care Advisors also focus on helping caregivers understand the importance of self-care, which includes taking much needed time for themselves. Sompo Horizon’s Care Advisors encourage caregivers to assemble a Care Team—a dedicated circle of support consisting of family, friends, healthcare professionals and others, to share caring responsibilities and make it a more manageable experience. In its first few months of operations, CareGo has already received much positive feedback from caregivers using their services: --- > “Talking with my Care Advisor helped me organize my thoughts and put a plan together to better support my parents.” Caregiver Testimonial --- --- > “Having this service saved me a lot of time in trying to find resources on my own.” Caregiver Testimonial --- --- > “CareGo is an invaluable resource for providing our employees with the support they need to effectively manage their dual roles as dedicated professionals and compassionate family caregivers.” Marlena Edwards, Head of People & Culture, Americas at DEPT®, a global digital agency, and CareGo client --- With five contracted employer organizations on board, and several more in the pipeline, CareGo is well positioned to provide live advising and caregiver support to employers who are seeking to provide their employees with a more balanced work life integration.  #### Improved Elderly Care and Quality of Life Sompo Horizon’s CareGo platform helps alleviate the worry that often accompanies caregiving, streamlining and simplifying the caregiving journey, and giving back valuable time to caregivers so that they can more effectively care for their loved ones. Sompo Horizon’s future strategy includes offering the CareGo platform direct to the consumer as well as working with healthcare systems and health plans to help improve the quality of life for their members, the elderly, and society as a whole. To learn more about Sompo Horizon innovative aging solutions, please visit [Solutions -- Sompo Horizon](https://jadserve.postrelease.com/trk?ntv%5Fat=4,29&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-533822240&ntv%5Fht=-SEMagA&prx%5Fr=https://sompohorizon.com/solutions/). [](https://jadserve.postrelease.com/trk.gif?ntv%5Fat=59&ntv%5Fui=676574b8-4239-45e0-973e-c49a17ea424a&ntv%5Fa=uAEJAWi9mAtV4SA&ntv%5Ffl=H8%5FNIX%5FfVs0Ik5QLWe2EYHNVaVl9Z%5FoPpSo7HNtthPuxnPMUinohHwEZVsC%5FKIvoC3marVAe04PLsb5gW1Ehsf%5Fl0qLRhx5oola1Ft7j8iyZ94Hzp7D2ZaDvGoQjyMVratv6lVG%5FL5%5FRycJR-9zP2lfW%5FgWS6SMqgAHmqYBExspT8snOmmhTZS5P5iVvdXmsok94jNJzBl%5FRt%5F3GWP87fvPMdF%5FX%5F2C8Nkfn3q7WsU5VAqzkg3t5-5TJhKRr17ek%5FDAw4zRy8WMxpVBNALMqJFbXDAEccQ0mp9a0I7N3ZS9iZgYt1RxTX-FKNb2yo%5FkAL5Cn3p0Fliln-FyImvH2ZOtBfQFNBKrRBS7g9icWIPThqXANlTqP5KflxJKO3uQKwoVoAw0rph7K5on9Ub-at4QVXmXUDslH3K7ORDRRW26SrIt%5F2-2CmI-cT7RWUNY8BkhOEmo4OPvEX-CJaA5dEh2DhSLR6zR10FTt6VixRUUu21HiLqCU5WO93JZwK1TJ8fwW%5FyHGt79lAHMZeSE4dsat4l-PrecGyN1cF8rSHgo=&ord=-368235110&ntv%5Fht=-SEMagA&prx%5Fr=https://www.sompo-hd.com/en/company/brand/global%5Fbrand/) Easing Caregiver Burden for Elderly Quality of Life Outcomes ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/branded-content/sompo-holdings/easing-caregiver-burden-for-elderly-quality-of-life-outcomes/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/branded-content/sompo-holdings/easing-caregiver-burden-for-elderly-quality-of-life-outcomes/"},"headline":"Easing Caregiver Burden for Elderly Quality of Life Outcomes","datePublished":"2026-06-18T14:28:43.510Z","dateModified":"2026-06-03T16:13:05.005Z","description":"","url":"https://time.com/branded-content/sompo-holdings/easing-caregiver-burden-for-elderly-quality-of-life-outcomes/","keywords":[],"thumbnailUrl":"","author":[],"articleSection":"","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/branded-content/sompo-holdings/easing-caregiver-burden-for-elderly-quality-of-life-outcomes/","name":"Easing Caregiver Burden for Elderly Quality of Life Outcomes"}}]}] ```