The article highlights the invisible yet vital role of caregiving in the economy, citing recent data showing that 67% of caregivers experience financial strain. There are over 44.58 million caregivers in the U.S. whose unpaid work amounts to about $873.5 billion annually, yet this work remains largely unsupported by institutions. The piece urges policymakers to prioritize investments in caregiving support while suggesting that innovative solutions can arise from understanding caregivers' experiences, thereby enhancing their dignity and reducing burdens.
Caregiving represents an unseen but critical component of the economy, facing a crisis that demands attention and innovative solutions.
Over 44 million caregivers in the U.S. provide labor worth an estimated $873.5 billion annually, illustrating the vital role of unpaid care work.
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