Toll of Caring for Elderly Increases

The study "points out the importance of considering what caregiving does to your financial security," says Sandra Timmermann, director of MetLife Mature Market Institute, a research unit of MetLife Inc. that conducted the study with the National Alliance for Caregiving and New York Medical College's Center for Long-Term-Care Research and Policy. [The MetLife study is based on data from the Health and Retirement Study for 1112 people over the age of 50 with at least one living parent.]