How Caregiving Can Blow a Hole in Retirement Savings The numbers are staggering: nearly one in four American adults shoulders the weight of unpaid caregiving responsibilities for loved ones.
For some, like Brian and Rose Armstrong, it's a decade long commitment that has already taken its toll on their retirement savings. Caregivers sacrifice not only time with family members but also their economic future.
The Employee Benefit Research Institute found that caregivers often take time off from work to care for relatives, preventing them from building up savings in the first place.