Carers Knowledge Exchange
Search
Close
Important information
Log In Subscribe for updates
  • Home
  • About
  • Research Library
  • Get Involved
  • Support for carers
  • My Research
  • Discussion Forum
  • Carer Hub
  • Home
  • About
  • Research Library
  • Get Involved
  • Support for carers
  • My Research
  • Discussion Forum
  • Carer Hub
Log In Subscribe for updates

<< Back to Results

  • Search

Caring costs us

The economic impact on lifetime income and retirement savings of informal carers

Published Date: 1.3.2022

View Publication

Theme: Income and paid work

Sub-theme: Retirement and superannuation

Economic modelling Retirement Superannuation Informal carers Employment Finances Video 2 minute read

Verification Statement

This publication / resource is hosted on a publicly available external link. If the full text is not publicly accessible, summary points are included and a contact method for the author(s) is provided, where available.

The summary information presented is based on content submitted by an author or other user
, along with publicly available information about the publication / resource added by the Carer Knowledge Exchange team.

All content is reviewed, edited and approved by the Carer Knowledge Exchange team, in line with our Submission Guidelines.


To report an issue or request a change, please complete our Feedback Form.

 

Theme: Income and paid work

Sub-theme: Retirement and superannuation

View Publication Economic modelling Retirement Superannuation Informal carers Employment Finances Video 2 minute read

Verification Statement

This publication / resource is hosted on a publicly available external link. If the full text is not publicly accessible, summary points are included and a contact method for the author(s) is provided, where available.

The summary information presented is based on content submitted by an author or other user
, along with publicly available information about the publication / resource added by the Carer Knowledge Exchange team.

All content is reviewed, edited and approved by the Carer Knowledge Exchange team, in line with our Submission Guidelines.


To report an issue or request a change, please complete our Feedback Form.

 

Caring costs us

The economic impact on lifetime income and retirement savings of informal carers

Published Date: 1.3.2022

  • Author/ Authors

    Alastair Furnival, David Cullen

  • Suggested citation (APA 7th edition)

    Furnival, A., & Cullen, D. (2022). Caring Costs Us: The economic impact on lifetime income and retirement savings of informal carers. A report for Carers Australia. Evaluate. https://www.carersaustralia.com.au/caring-costs-us/

Long Summary

This report analyses the lifetime financial impact of caring for security at retirement age. This includes the influenced of reduced working capacity at different ages on earning and superannuation outcomes, and the significant gap between income support payments and earning potential. The authors advocate for greater funding and investment to support carers to ensure longevity in caring and financial security for carers.

    Key Messages for Carers


  • Provides financial modelling for mapping the financial impact of caring
  • Demonstrates how financial impact can be broadly quantified and used for advocacy
  • Provides the history of the carer income payments and carer economic policies

  • Key Messages for Policy Makers


  • Presents two policy opportunities for improving the financial outcomes for carers
  • Provides context for understanding the opportunity costs of caring
  • Demonstrates the risk to caring arrangements if there is no economic policy reform

Related Publications

  • (How) Will it end?

    Lukas Hofstaetter , Emma Kirby , Giselle Newton , Iva Strnadova , Christy E. Newman

    View
  • The value of informal care in 2020

    Deloitte Access Economics

    View
  • The value of informal care in 2020

    Deloitte Access Economics

    View
  • The value of informal care in 2020

    Deloitte Access Economics

    View
  • How to use the Research Library

    Find out more about how to find a resource on the Carer Knowledge Exchange Research Library here.

    FAQs
  • Add your research

    Is something important missing from the Research Library? Share your research or suggest research by another author using our submission form. For more information about how to create an account click here and for more information about how to upload a publication to the research library click here.

    My Research

  • About
  • Subscribe for updates
  • Support for carers

  • Research Library
  • My Research
  • Submission guidelines

  • Contact us
  • Upcoming events
  • Frequently asked questions

Follow us on social media

  • Privacy Policy
  • Disclaimer
  • Terms & conditions
The Carer Knowledge Exchange is led by Carers NSW and proudly funded by the NSW Government. It was established as a partnership between Carers NSW and the Institute for Public Policy and Governance (IPPG) at the University of Technology Sydney from 2021-2024. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn and work.