Value of Unpaid Activities by Older Americans Tops $160 Billion Per Year

Brief

Value of Unpaid Activities by Older Americans Tops $160 Billion Per Year

Abstract

Many older Americans continue to make valuable contributions to society long after they withdraw from the labor force. Adults age 55 and older contributed $161.7 billion worth of volunteering and unpaid caregiving in 2002. These activities include caring for family members, helping friends and neighbors, and volunteering for nonprofit organizations. About 74 percent of older adults volunteered their time or provided unpaid care to family members. The value of help provided by older family caregivers alone reached nearly $100 billion in 2002. [View the corresponding press release]

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Cross-Center Initiative

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