By Selena Stevens
is hard enough discussing these sensitive care issues
and then having to bring in the financial questions.
A lot of people don't know how to do that. They aren't
comfortable with it, so they don't talk about it.
In the long run, everyone suffers because they couldn't
professor of family studies,
UK College of Human
21, 2001 (Lexington, Ky.) --
When an elderly family member becomes ill, others
in the family often pitch in to help with living arrangements,
medical needs and bills, but inevitably one family
or person bares a majority of the burden. In the process
of becoming the caregiver, that person often loses
focus on their own future and retirement planning.
A University of Kentucky professor is beginning a
new study she hopes will help protect the caregiver's
professor of family studies in UK's College of Human
Environmental Sciences, found herself in that sandwich
generation, trying to provide for herself and her
children while caring for an ailing mother and grandmother.
hard enough discussing these sensitive care issues
and then having to bring in the financial questions,"
she said. "A lot of people donít know how to do that.
They aren't comfortable with it, so they donít talk
about it. In the long run, everyone suffers because
they couldn't talk."
Endowment for Financial Education has awarded Hayhoe
$108,637 toward her study on caring for caregivers.
She plans to create a video, booklet and CD that can
be used by individuals and groups to teach caregivers
how to address the many sensitive subjects on their
group will be those people who are in the process
of becoming caregivers or have become so in the last
12 months. Research and focus groups will help her
discover what information caregivers need and the
best way to get it to them.
research has found that only 40 percent of people
thought a lot about retirement and were working with
a plan they thought would meet their needs. Seventy-seven
percent said they felt they were saving too little
and poorly prepared for their own retirement.
results of Hayhoeís recent studies are suggesting
that the caregiving experience brings heightened awareness
about the need of oneís own retirement and is a time
in which many caregivers need exposure to and guidance
toward retirement planning activities and information.
is helping caregivers protect their own retirement,"
she said. "You shouldn't have to reduce yourself to
care for a loved one. What I hope to show is how you
can protect your own benefits as you provide this
resulting from Hayhoe's work will be distributed nationally
through the National Endowment for Financial Education.
UK Elder Care and the UK Sanders-Brown Center on Aging
also are supporting her work financially and with