The Emotional and Financial Complexities of Caregiving
Taking on the role of a caregiver for a family member can happen without warning – declining health and disabling accidents are just a couple examples of unexpected events that could trigger the need. While these events can be unpredictable, family members can plan for them by understanding the complex life and wealth changes that come along with being a caregiver and how to navigate them, whether caring for parents, spouses or children.
The image describes the stages of care giving:
- Awareness - This stage involves recognition of changes and sporadic assistance, such as accompanying the family member to a doctor's appointment.
- Unfolding Responsibility - This stage involves an increased understanding and recognition of caregiving needs, such as household chores.
- Personal Care - This stage involves a heavier reliance on the caregiver for basic, day-to-day needs, such as monitoring behavior and providing self-care.
- End-of life Care - This stage involves intensive care and planning to ensure both financial and emotional support.