10 Million Millennials Now Caregivers—and Almost Half of Them Are Men0 USER TIPS ADD YOUR TIP
Already saddled with student debt, the millennial generation is also stepping up to the plate when it comes to taking care of older family members. According to a new report by Brendan Flinn of the AARP Public Policy Institute, of the 40 million Americans who provide support to family members, one in four, or 10 million caregivers, are part of the millennial generation as defined as being born between 1980 and 1996.
Millennial caregivers more diverse, more likely to be employed
Millennial caregivers are the most diverse caregiving group across sex and ethnicity. Although women outnumber men in the general caregiver population, 47 percent, or nearly half, of millennial caregivers are men. By contrast, only 39 percent of Generation X caregivers are men.
Some key findings from the executive summary of the report:
• Multicultural Identities. More than half of millennial family caregivers are African American/Black, Hispanic/Latino, or Asian American/Pacific Islanders.
• Tasks and Time. Millennial family caregivers help with complex functional and medical/nursing tasks at a rate similar to those of other generations, and on average provide more than 20 hours per week in care.
• Mental Health Caregiving. One in three millennial family caregivers supports someone with a mental health or emotional problem.
• Employment and Income. Almost three in four millennial family caregivers are employed, and they are more likely than other generations of caregivers to be working. One in three employed millennial family caregivers earns less than $30,000 per year.