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The caregiving crisis is a workforce crisis

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Why This Matters

The rising costs of caregiving and persistent labor shortages highlight the urgent need for the tech industry to develop innovative solutions that support caregivers and address workforce shortages. This shift is crucial for ensuring economic stability and improving quality of life for millions of Americans. Embracing technology in caregiving can foster more sustainable, accessible, and efficient support systems for families and workers alike.

Key Takeaways

As care costs soar and labor shortages deepen, employers can no longer afford to treat caregiving support as a perk. It’s a necessity. The U.S. has complex systems in place to support nearly every major financial milestone in life, from student loans for education and mortgages for homeownership to tax advantages for retirement. So why is caregiving for our loved ones—something that nearly 1 in 4 American workers is doing unpaid—almost completely unsupported?