Key facts
- 43% of twenty-somethings are currently serving as caregivers.
- Caregiving responsibilities may negatively impact retirement savings.
- Young adults face hidden costs associated with caregiving.
A significant portion of young adults, specifically 43% of those in their twenties, are currently acting as caregivers. This role comes with substantial hidden financial costs that could jeopardize their long-term retirement savings. The situation presents a considerable challenge for this demographic as they attempt to manage their caregiving duties while simultaneously working towards their future financial security.