Costs of Providing Elder Care Are Higher Than Previously Thought

The New York Times reports on the first in-depth study of the expenses Americans spend to care for aging parents or spouses. The study, conducted by the National Alliance for Caregiving, says those costs average $5,531 per year. According to the article, the report is being released today and will be part of a Capitol Hill briefing this week. The complete report (PDF) is available here.