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The out-of-pocket cost of caring for an aging parent or spouse averages about $5,500 a year, according to the nation’s first in-depth study of such expenses, a sum that is more than double previous estimates and more than the average American household spends annually on health care and entertainment combined.
Those findings and others, to be released Monday, came from a telephone survey of 1,000 adults caring for someone older than 50.
The survey was conducted by the National Alliance for Caregiving, a research and policy organization, and Evercare, a division of the UnitedHealth Group, which coordinates long-term care for about 150,000 clients.
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Items compiled from Tribune news services.
