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California Business Journal
Examining the Impact of Caregiving on Women

Photo Credits: Lung Cancer Center

Examining the Impact of Caregiving on Women

by Leslie Irving, California Business Journal
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Women have a long history of being the primary caregivers in their families, but what is the current state of caregiving among women? Today, it is estimated that 51% of caregivers are women. This article examines how this affects women, both emotionally and financially, and the impact that caregiving has on their lives.

The Financial Impact of Caregiving for Women

Women are more likely than men to take on the role of primary caregiver for an aging family member or a loved one who is ill. And while providing care can be fulfilling, it also comes with a financial cost that often falls disproportionately on female caregivers. According to recent research from AARP, women spend an average of $7,000 per year out-of-pocket for caregiving expenses such as medical bills, home modifications, and in-home health and hospice care. This figure is significantly higher than what men spend ($4,400) and highlights the need for better support systems for female caregivers.

The Emotional Impact of Caregiving

Caregiving can be an emotionally taxing experience. Women are far more likely than men to report feeling overwhelmed by their responsibilities as a caregiver (51% vs 39%), according to AARP’s research findings. Furthermore, women are more likely to feel stressed (70% vs 59%), exhausted (75% vs 63%), or isolated (42% vs 31%) due to their caregiving duties. As such, it is important that we recognize the unique challenges faced by female caregivers and provide them with much-needed resources and support services to help alleviate some of these burdens.

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Women in Healthcare Work While the gender gap remains in many industries, healthcare and medicine have more women in leadership positions than in any other field. Studies have consistently shown that women make up a much larger share of the labor force in healthcare and medical-related professions – with females accounting for nearly two-thirds of all practitioners in 2018. This is due largely to greater levels of commitment from women working in the field and their tendency to specialize in particular areas where they can best utilize their skills for meaningful results. Women also feel a higher degree of empathy with patients, which often leads to improved communication and better outcomes. The trend seems to be driving further growth in the female role in healthcare, suggesting that this gap could become even wider in years to come.

The Need For Supportive Resources

Fortunately there are many supportive resources available online for female caregivers today such as online forums and discussion boards where they can connect with other individuals who understand what they are going through. Additionally, organizations like AARP offer helpful tips and advice on managing stress levels as well as financial assistance programs designed specifically for those providing care for a loved one. In short, no one should have to go through this journey alone; there are resources available if you know where to look.

When it comes to caregiving responsibilities in our society today, it’s clear that most of the burden falls disproportionately on women—both emotionally and financially. We must recognize this reality in order to provide better support systems for female caregivers so that they don’t have to shoulder this load alone any longer. With the right resources in place—whether it be emotional support or financial assistance—women can have peace of mind knowing that they do not have to go through this experience alone.

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Tags: accountingbestCaregiversCaregivingCaregiving on womenfinancialgrowthhealthhealthcarehomeleadsmanaging stressmedicalmedicineonlineskillsstresssystems
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Leslie Irving, California Business Journal

Leslie Irving, California Business Journal

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California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
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