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Aging Baby Boomers Breed New Caregivers: Handling your New Responsibilities

Aaron Alfson |

It's a bit strange to think about, but it's the truth: over the next ten to fifteen years, there's going to be an extreme shortage in caregivers. In the coming years, the generation of Baby Boomers will be reaching old age, and they're going to need people to care for them. Being that the rate of population increase slowed after their births, there is going to be a shortage of potential caregivers from the next generation.

This means that you or someone you know, if they haven't already, will soon be taking on the role of caregiver.

It's already the case that more than 80% of people who need to be given regular care prefer to do so in the comfort of their own homes as opposed to in nursing homes and assisted living facilities. If it's your loved one who's reaching old age, you probably feel the same. That being said, let it be known that taking on the role of caregiver will pose a lot of unexpected challenges, and it's best to be prepared, so take this advice.

Financial Advice:
Bear in mind that there are many state and federal programs that offer financial assistance to caregivers. Some will provide financial support in the form of meal vouchers or even cash for medical supplies and services. There are also many non-profit organizations that would likely be willing to offer assistance, especially if your loved one suffers from a specific ailment. For example, the ALS foundation offers respite to patients suffering from Lou Gehrig's disease.

When purchasing any necessary medical supplies, find a discount wholesale provider – there are many online - in order to avoid spending more than you can afford. Stock up on the supplies that you use a lot of; it's cheaper to buy in bulk.

Don't forget to take advantage of tax credits and deductions that are offered to caregivers in many states.

Educational Advice:
It's never a bad idea to find a support group with other caregivers, especially if your loved one suffers from a specific ailment. You can learn a lot about what it takes to care for someone in this position which will help you to feel confident in doing so. It has been reported that caregivers who interact with other caregivers experience lower stress levels, since a level of understanding and confidence helps to reduce your worry.

Personal Advice:
When you become a caregiver, you begin to feel responsible for someone other than yourself. Most caregivers do not take enough personal time to focus on themselves, which is physically and emotionally important. Be sure to ask for help when it is needed and don't let caring for another person take the center stage of your life – this is the most important way to maintain a good attitude, which will manifest itself in your relationship with the loved one you are supporting.

Sources

ALS - Amyotrophic Lateral Sclerosis

Aging Baby Boomer Statistics

Care for the Care Givers