Merrill Lynch and Age Wave recently collaborated on a research study about non-professional or informal caregivers for elderly individuals. These caregivers include family members, friends, and self-employed caregivers who offer their services on a full or part-time basis. The report highlights the priorities and preferences of these informal caregivers, whether they are providing in-home care or supplemental care for a loved one residing in a facility. Due to the aging of the Baby Boomer generation, there is now a caregiving crunch, meaning that the need for caregiving is causing family members to provide more informal caregiving than ever before.
According to the study, 40 million Americans are now providing some informal caregiving duties for almost 50 million elderly adults. The need for informal caregiving has grown exponentially, as half of the caregivers only began their duties within the past year. At this point, seven in ten Americans who are turning 65 today will need some level of prolonged care in their lives. Overall, family caregivers provide more than 37 billion hours of care each year. This amounts to about $500 billion in informal caregiving, which is three times greater than Medicaid’s annual expenditures on long-term care. The main reason for the prevalence of informal caregiving is the staggering cost of professional care, which ranges on average from $46,000 per year for in-home professional health care to $82,000 per year for a semi-private room in a nursing home.
The Wisconsin elder abuse lawyers of Boller & Vaughan know how devastating it can be when you entrust your loved one to the care of others, only to have that trust completely betrayed. Our attorneys are dedicated to protecting your rights and those of your loved ones in all types of circumstances. We handle nursing home abuse and neglect cases on a daily basis, and we know how to get the relief to which you may be entitled. Don’t hesitate to fight back against a neglectful or abusive nursing care and assistance living facility that has caused harm to your loved one. Contact us today for FREE and see how we can help you.
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We live in Friendship, Wisconsin, and Boller & Vaughan came to our doorstep to discuss our mother’s wrongful death claim on a Saturday morning. Not only were we pleased with the large recovery, we were so thankful to have lawyers who were willing to explain to us every twist and turn along the way. It is great to know there is a law firm that will fight for the rights of elderly people all over Wisconsin.
Mr. Boller and Ms. Vaughan were incredible in working on my case and my daughter’s case. I was out of work and in the hospital with a new baby. Mr. Boller and Ms. Vaughan protected our rights and it was a pleasure to work with them. I hope never to be in another motor vehicle accident, however, if I am and I am injured, I will contact Boller & Vaughan immediately.
I was referred to Michelle through a friend. I have never had a better experience. It took a little over a year to get my settlement but the staff there stayed in constant contact and kept me in the loop. Oh, and Michelle actually got me MORE money than we discussed. I will refer anyone to this firm. Words cannot do justice the thanks that I have for Michelle and her staff (Mary especially) thank you guys so much!
After my husband died as a result of a motor vehicle accident, Boller & Vaughan spent countless hours talking with me, meeting with me in person, and making sure that I was okay. The drunk driver who hit us did not have any insurance, and we had to make a claim through our own insurance. Boller & Vaughan was fantastic at explaining the law to me and the handling of our claims.
After my son was injured in a daycare setting, Ms. Vaughan took the time to thoroughly investigate our case and my son’s injuries. Michele was approachable and had answers to our questions. Talking with her helped to relieve many of our anxieties.
