Families spend over $11,000 annually on care for aging loved ones

An AARP study finds that families are spending more than $11,000 each year from their own funds to care for aging parents and loved ones, according to MarketWatch.

The study highlights the significant financial sacrifices involved in providing care, which can have lasting impacts on families' economic well-being.

This data sheds light on the personal costs associated with elder care beyond what may be covered by insurance or government programs.

Understanding these financial burdens is important for policymakers and families planning for long-term care needs.