LOS ANGELES, Nov. 19, 2007
Caregivers Rise To The Challenge
34M Americans Care For Older Relatives, Many Dipping Into Savings To Make Ends Meet
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Play CBS Video Video Caregivers Pressed For Cash A recent healthcare study has found that many caregivers are using a large portion of their income to cover costs. Sandra Hughes reports.
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Video Baby Boomers Care For Parents As the population ages, baby boomers are finding themselves caring for elderly, often ailing, parents, a burden than can strain the emotions and the finances. Sandra Hughes reports.
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An estimated 34 million Americans care for loved ones age 50 and over. A just-released healthcare study of a thousand caregivers finds half of them are spending more than 10 percent of their income on it. (CBS)
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Interactive HealthWatch Explore health issues including AIDS, cancer and antibiotics.
Nine months later, the situation is deteriorating. Her mother's rheumatoid arthritis is worse and so is her father's dementia. Caretaking costs have gone up $500 a month.
"Because of our finances, we are moving them with us, because it is a hardship having them live somewhere else," said Winchell.
Maryann's husband, Stacy, has taken on even more work as a nurse practitioner, going six days a week to help pay the bills.
Winchell's family may be America's new norm. An estimated 34 million Americans care for loved ones age 50 and over.
A just-released healthcare study of a thousand caregivers finds half of them are spending more than 10 percent of their income on it. One in three used some of their savings to cover costs.
Just like the Winchells.
When asked if they had any savings put away for their own retirement, Stacy Winchell said, "No and I don't foresee that at this point in time that there will be any retirement."
People in the study said they cut back spending on leisure activities and saved less or not at all for their children's future.
Last winter Danny was only dreaming of going to college. The family took out a huge loan to send him.
Probably most significant for caregivers is the squeeze on their time. One person in the study said: "Time is the most expensive commodity I provide but it has no price tag."
Caretakers in the study spent on average 35 hours a week caring for their loved ones. And more than half of them said they did not work. A third said they had quit their jobs or reduced their work hours.
"Thirty-seven percent are actually saying they're more depressed over the situation," said Sherri Snelling of Evercare. "Sixty-five percent are saying they have a lot more stress and anxiety."
Still, most caregivers do it willingly.
"I have to be there for them," Winchell said. "I feel like I have to be there for them."
But without her own financial cushion, it might be her own children who have to be there for her, when the time comes.
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See all 61 CommentsThank you for reporting this. At least I don''t feel as alone with this dilemma, but something is broken in America and elders that fall in the cracks have no where to turn but their families--too fragile to live on their own, but not fragile enough to need a nursing home which Medicaid would cover. It also becomes a problem when not all siblings are able to help with the finances. It only makes me wonder what will happen to me since I don''t have kids. It looks like retirement will become a thing of the past or only for the wealthy.
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What we need is a President who will show us the way. Not the old way. Not the same way, but a NEW way. Think about this for a minute. What if we pulled all of our troops out of South Korea? They''ve been there for 50+ years. What if we quit worrying about Iran, but instead, realized that its having a nuclear weapon will not mean the end of the world? What if we pulled all of our troops out of the Middle-East, and brought them all home? What if we realistically addressed the National Debt, and paid attention to REALLY DOING SOMETHING about stopping illegal immigration? These are the ideas of Presidential candidate, Ron Paul. He''s a ten term Congressman and a physician who has delivered over 4,000 babies. He''s an intellectual who''s published four books, three of which are devoted entirely to sound economics and one to foreign policy. He was raised on a dairy farm in Pennsylvania as a pious Lutheran, but now he attends a Baptist church. Paul is given to mulling things over morally. Whenever he recollects the helicopter pilots he treated as an Air Force Flight Surgeon (Captain) during the Vietnam War, a war which he now says was "totally unnecessary and illegal," he laments, "They were gung-ho. I''ve often thought about how many of those people never came back." Candidates with the high level of personal integrity and proven track record of adherence to The Constitution, Congressman Paul has always demonstrated only come around once in a lifetime, if we''re lucky.
Dr. Ron Paul., an OB/GYN physician, has been the national leader in preserving our Health Freedom. He feels that Americans are justifiably concerned over the government''s escalating intervention into their freedom to choose what they eat and how they take care of their health. The Food and Drug Administration (FDA), in order to comply with standards dictated by supra-national organizations such as the UN''s World Food Code (CODEX), NAFTA, and CAFTA, has been assuming greater control over nutrients, vitamins and natural health care providers to restrict your right to choose the manner in which you manage your health and nutritional needs. He introduced the Health Freedom Protection Act, HR 2117, to ensure Americans can receive truthful health information about supplements and natural remedies. He supports the Access to Medical Treatment Act, H.R. 2717, which expands the ability of Americans to use alternative medicine and new treatments. He opposes legislation that increases the FDA''s legal powers. The FDA has consistently failed to protect the public from dangerous drugs, genetically modified foods, dangerous pesticides and other chemicals in the food supply. Meanwhile, they waste public funds attacking safe, healthy foods and dietary supplements. He also opposed the Homeland Security Bill, which, in section 304, authorizes the forced vaccination of American citizens. The government should never have that kind of power. Vote YES for Dr. No.
People have gotten wise to the fact that vaccines are contaminated with DNA fragments, viruses, fungus, mercury, and a cocktail of other poisonous toxins. Fleets of reputable studies have been published globally detailing the wide swaths of destruction caused by vaccines, including autism. So, now the establishment is on the offensive, attempting to bully us into submission. Big Pharma is one of the biggest businesses in the world. It is among the top three purchasers of advertisement in print, TV and radio. Thay have major pull. President Bush recently vetoed a Bill which would have forced Big Pharma to remove mercury from vaccines. If that''s not bad enough, parts of the so-called Patriot Act contains provisions that essentialy removes the spectre of civil liability against Big Pharma with respect to vaccines. This was done under the quise of protecting Big Pharma in case they had to quickly develop a vaccine to combat some form of biological terrorism. No other candidate understands health issues as well as Ron Paul does. He not only supported the Bill which would have removed mercury from our vaccines, he voted against the Patriot Act as well. Dr. Paul., an OB/GYN physician, who has delivered over 4,000 babies, has been the national leader in preserving our Health Freedom. He feels that Americans are justifiably concerned over the government''s escalating intervention into our freedom to choose what we eat and how we take care of our health.
Our nation''s promise to its seniors, once considered a sacred trust, has become little more than a tool for politicians to scare retirees while robbing them of their promised benefits to pay for militarization. Today, the Social Security system is both broke and broken. Those in the system are seeing their benefits dwindle due to higher taxes, increasing inflation, and irresponsible military spending. The proposed solutions, ranging from lower benefits to higher taxes to increasing the age of eligibility, are NOT solutions; they are betrayals. Imposing any tax on Social Security benefits is unfair and illogical. In Congress, Dr. Paul introduced the Senior Citizens Tax Elimination Act, which repeals ALL taxes on Social Security benefits, to eliminate political theft of our seniors'' income and raise their standard of living. Solvency is the key to keeping our promise to our seniors, and he introduced the Social Security Preservation Act (H.R. 219) to ensure that money paid into the system is ONLY used for Social Security. Also, it is fundamentally unfair to give benefits to anyone who has not paid into the system. The Social Security for Americans Only Act, which Ron Paul supported, ends the drain on Social Security caused by illegal aliens seeking the fruits of your labor. In short, if we stop our runaway military spending overseas, there will be plenty of money available to keep Social Security solvent for decades to come.
The results of a nationwide telephone poll, announced by Zogby on November 19th, reveals that a sizeable majority of Americans are looking to vote for a candidate who protects liberty; who wants to shrink government; and who wants to immediately withdraw our troops from Iraq - all positions taken by Texas Congressman Ron Paul. As part of a blind, spread poll commissioned by Jones Productions, respondents were provided with descriptions of four different candidates and asked to choose who they would vote for based on each one''s attributes and political platform. 32.8% of pollees chose Ron Paul, 18.6% chose Rudy Giuliani, 12.6% chose Fred Thompson, while only 15.1% chose Mitt Romney. The results clearly illustrate that the country is crying out for Ron Paul, which is why mainstream media has launched a PR offensive to marginalize his campaign accomplishments and suppress the Congressman''s name recognition. The sample used for the poll had mainly never or rarely used Web sites popular with Ron Paul supporters, such as You Tube, MySpace and Facebook, showing that if those types of Internet users had been more fairly represented, the numbers would be even more in favor of the Congressman. In a seperate question, over 49% of pollees said they would be more likely to vote for a candidate who would begin an immediate withdrawal from Iraq. Zogby indicated that, due to the high level of interest in the poll, they will be issuing a press release on Nov 20th.
-- No more meddling in other country''s political affairs
-- No more aggressive military actions overseas
-- No more torture prisons
-- No more pseudo-wars like the "War on Drugs"
-- No more IRS and unconstitutional income taxes
-- No more Federal Reserve (the group of private banks which owns our government)
-- No more erosion of Social Security to pay for militarization
-- No more U.N. (one world government) participation
-- No more NAFTA, CAFTA, WTO or GATT (globalist trade cartels)
-- No more North American Union (loss of U.S. sovereignty)
-- No more federal gun control laws
-- No more illegal aliens pouring-in over our country''s borders
-- No more illegal aliens allowed to roam freely in our streets
-- No more national ID cards (Real ID Act)
-- No more government invasion of your privacy
-- No more federal Laws which force you to take unwanted injections
-- No more federal Laws which are not authorized by The Constitution
-- No more federal erosion of State sovereignty
-- No more unlimited federal government
They don''t call him "Dr. No" for no reason. The Doctor is in! Find-out what CBS hides from you, and join us in this 21st Century political revolution at ronpaul2008.com
"Those who expect to reap the blessing of freedom must undergo the fatigue of supporting it."
- Thomas Paine
"Ron Paul doesn''t represent your Father''s school of political thought. He represents your Founding Fathers."
- Me
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NYCProphet saith, "This is the vision of Hillary Clinton, John Edwards, and their fellow members of The Bilderberg Group..."
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Speaking of outdated, ineffective paradigms, you omit the bulk of damning, recent history with Bush. It so happens the neocon circles about Bush Sr. and Jr. are rife with Trilateralists. Bush, Sr. was often seen at apparent Trilateralist affairs. Bush, Jr., rubbed sh oulders with them at Davos, Switzerland.
The question arises, if you are worried about global domination by a single elite, where has your voice been during the past six years of neocon madness under Son of Bush-- substituting a Pax Americana at bayonet point for the New World Order of his father?
Paul boosters struggle to find his positive points, because Paul is basically a Bush Republican who never endorsed all the neocon globalist thinking and money driving Bush. By any standard, this is only damnation by faint praise.
And while Bush and Paul differ here and there on foreign affairs, their policies at home are much closer.
Both Bush and Paul follow the Grover Norquist view that government is the problem. But like most Bush slogans, that doesn''t describe America or its challenges.
Both Bush and Paul are cheerleaders for lessez faire-- the policy that brought us everything from Enron to the still rampaging mortgage bust on Wall Street.
For example, it was private sector incompetence, not governmental health insurance which left America behind Cuba in infant mortality, which makes us pay 2.5 times more for healthcare than the EU, and with 47 million of us medically uninsured as "subprime" risks.
For another, it was a $40 billion private sector mortgage fiasco that dropped the DOW 250 points and left 650,000 Americans foreclosed out of their own homes.
Private sector corruption? A huge glut of no-bid, taxpayer dollars shoved at the private sector left New Orleans mired in waste and faulty construction by Bush cronies-- the city still exposed to the next Katrina.
Ron Paul, by his stated beliefs, endorses more of the same-- and America simply cannot afford another Bush.
It is easy to recognize spammers-- political or otherwise. Spammers usually do not address the news story preceding the comment section. Instead, they post something completely off the wall, like "Ron Paul for President". In effect, Ron Paul spammers hijack CBS facilities to promote Paul''s candidacy-- which practice alone speaks volumes about the ethics of those posting spam for Ron Paul.
There is another type of poster, however, which an open forum (for responsible speech) must indulge. Bush posters regularly visit CBS with the sole purpose of starting flame wars.
These are GOP trolls, and their prime mission is to hinder discussion of any news in which Bush might be criticized. They seldom succeed, and reveal much more about themselves than they intend-- most of it quite damaging to their cause.
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