For 60% of the working population who juggle paid work with caregiving, companies have only recently increased their focus on providing paid family leave and other support programs.
The burden of caregiving affects employees in and out of the office: caregivers can experience emotional strain, financial challenges and economic risk, incurring steep out-of-pocket costs. The ratio of caregivers, which used to be 7:1 in 2010, has shrunk to 4:1, as people postpone parenting until later in life and have fewer children. The burden will become even heavier as the coronavirus crisis takes hold, placing further strain on caregivers.
