Decoding Retirement Why younger caregivers may need to work 7-21 extra years
Nov 18, 2025
John McHugh, an associate professor at Virginia Commonwealth University and expert on family caregiving, discusses the urgent caregiving crisis as America's aging population grows. He highlights that nearly half of U.S. states face critical caregiving risks, emphasizing the need for family planning and local community support. John explains how Medicaid cuts are pressuring family caregivers and shares insights on retirement savings setbacks for younger caregivers. With practical resources and optimism for policy changes, he urges listeners to stay informed and prepared.
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Save Specifically For Caregiving Costs
- Open a dedicated caregiver savings account and budget for caregiving as a specific future expense.
- Evaluate local supply and quality of home-based and institutional care when planning finances.
Have Hard Conversations Early
- Start candid conversations with loved ones about care preferences and finances before a crisis hits.
- Clarify wishes about aging in place versus assisted living and document them legally.
Location Shapes Care Options
- State differences matter: housing, workforce supply, and policy shape caregiving support.
- Choose retirement location by preference first, then assess if the area can support aging needs.