1A The Financial Burden Of Caregiving
Nov 13, 2025
Join Emily Peck, an Axios correspondent on economic issues, Beth Pinsker, a MarketWatch columnist, and Dana Lynn Rutherford, president of the Venner-Grin Foundation, as they tackle the skyrocketing costs of in-home care. They discuss the rising expenses caregivers face, explore personal stories highlighting financial stresses, and examine systemic issues around Medicaid and state support. Emotional choices intertwine with practical advice, revealing the complex landscape of caregiving amid economic challenges and workforce shortages.
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What Counts As In-Home Care
- In-home care covers everything from bathing and meal prep to advanced nursing and medical care.
- Emily Peck says this is distinct from nursing home costs and happens where many prefer to stay: at home.
Supply-Demand Mismatch Driving Costs
- Demand for in-home care is rising because the population is aging while fewer young people are available to provide care.
- Emily Peck notes immigration crackdowns have reduced the immigrant workforce that supplies about a third of caregivers.
Millie’s 24/7 Care Costs
- Dana Lynn describes Millie, her 25-year-old multiply disabled daughter who needs 24/7 care and can't be left alone.
- She reports California and Medicaid cover the majority of Millie's nearly $293,000 annual care costs.
