JSIT22-05: Family Caregiving at Older Ages: Implications for Adult Children by Race and Ethnicity

Caring for an elderly parent with disability needs can put an economic strain on adult children in terms of labor market exit or interruptions, income insecurity, and lower asset growth. These strains can put family caregivers in racial and ethnic minority groups, who are often already economically vulnerable, at increased risk for income insecurity. Labor market withdrawal due to family caregiving has implications for work history, lifetime earnings, and Social Security benefits in old age. Examining family care and its differential impact on employment across race and ethnicity sheds light on the potential implications of policies in supporting family caregivers to stay in the labor force and better balance work and caregiving.