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Important Disclosures

Important Disclosures and Public Statements


The articles published here represent the personal views of the author(s), and not necessarily the views of any securities firm, insurance company, FINRA, SEC or organization with which he or she may be affiliated. All statements made in these articles are for general information only and are not intended to provide, nor should they be relied on as, legal or investment advice.  Readers must consult with their qualified investment, tax or legal advisors before relying upon any content contained herein. Statements made in these articles may be incorrect for your state or jurisdiction. Also keep in mind that at the time when you read such statements the underlying rules, regulations and/or decisions may no longer be controlling or persuasive as a matter of investment or insurance law or interpretation.

Consumer Finance Articles

Baby Boomers Stressed Out Over LTC

Stressed Out Sandwich Generation Needs Help

A study done by The Hartford Financial Services Group, Inc. and ComPsych Corporation ("Stressed- out Sandwich Generation Needs Help" Hartford Financial Services Group, Inc. and ComPsych Corporation, 2011) revealed that demands of balancing a full- time job and caring for an injured or ill family member is a major source of stress for many Baby Boomers. (generation born between 1946 and 1964) and is impacting their productivity and their health, according to research by The Hartford Financial Services Group, Inc. and ComPsych Corporation.

Findings:

  • Younger Baby Boomers, ages 45 to 54, are carrying the largest burden of family care responsibilities.
  • More than half say they’ve taken time off from work to due to their caregiving responsibilities.
  • More than 80 percent of Baby Boomers said they feel moderate to high levels of stress related to the care or support they are giving to children, spouses and/or parents.
  • More than three-quarters of Baby Boomers reported taking up to 16 hours of paid vacation time to care for another person.
  • Baby Boomers are using their paid time-off as an extension of their hectic lives rather than a vacation.

Financial and Insurance Advisors should be aware and prepared to address these critical “Life Stages” issues when working with clients that fit this profile.



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Jim Robinson posted on Friday, February 04, 2011

Tags: Long Term Care, LTC, Elder Care, Hospice Care

Posted in: Site News, Health

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