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AARP Poll Finds Strong Support for Family Caregiver Tax Credit

New Jersey voters over 50 want to age in place — not in nursing homes

AARP Poll Finds Strong Support for Family Caregiver Tax Credit

NEW BRUNSWICK, NJ (June 29, 2022) – Among New Jersey voters ages 50 and older, there is overwhelming support (84%) for the state to expand the tax credit for Wounded Warrior Caregivers to all family caregivers providing care to older loved ones, according to a new survey from AARP.

According to the survey, almost all respondents (97%) say it is important to have services that help people stay at home for as long as possible.

According Previous searchthere are approximately 1 million family caregivers in New Jersey who provide unpaid care worth $13 billion every year to help keep loved ones home. On average, family caregivers spend 26 percent of their income on care activities, and generally spend $7,242 annually on out-of-pocket expenses related to caring for their loved ones. Caregivers are the foundation of our long-term care system, but receive little support.

New AARP Poll found that four in ten (39%) New Jersey voters age 50 and older currently provide unpaid care or have provided unpaid care in the past to an adult family member. Demands on family caregivers will continue to increase as our population ages. It is estimated that 70 percent of adults reaching age 65 will require some form of long-term care services during their lifetime. For the majority of these residents, the support of a caregiver will be essential to their ability to stay at home.

Caregivers often face challenges that put their own financial and emotional well-being at risk. Findings from the New Jersey Unpaid Caregiver Survey include:

  • Financial impact: Nine in ten caregivers incurred expenses to care for a loved one, with transportation being the most common expense.
  • Significant time commitment: Nearly six in ten caregivers (58%) spend at least 21 hours a week providing care.
  • Emotional and financial stress: Three in four current and former caregivers (76%) say they feel emotionally stressed because of their caregiving responsibilities, and three in four (77%) caregivers say they feel stressed about balancing their work and family responsibilities.
  • Reduced support: Caregivers who provided care during the pandemic say they feel more socially isolated and lonely (57%), have fewer family members and friends available to help them (45%) and are worse off financially than before the pandemic (39%) .

“As a caregiver, there are times I just want to let go,” said Sarabeth Abrams from Williamstown, New Jersey. “But I can’t because I have two parents who can’t take care of themselves. This is a full time job, whether you live with them or not, and it impacts us and our family. There must be a way to help us.

“Family caregivers provide support to so many of our aging residents, but unfortunately many do not receive any compensation,” said State Senator James Beach. “While it is admirable to care for a loved one, it is unsustainable to spend 20 hours a week providing care while incurring additional expenses. By extending the Wounded Warrior Tax Credit to all family caregivers, we can ensure that our residents receive the support they need during their golden years.

Support for expanding New Jersey’s Wounded Warrior Caregiver Tax Credit to all family caregivers caring for older loved ones is bipartisan: Among all respondents, 84% support the credit. tax, 77% of Republicans, 92% of Democrats and 87% of independents. encourage such assistance. There was also support among white (87%), black (86%) and Latino (84%) voters.

“Our family caregivers play a vital role in the support system that many elderly loved ones rely on,” said MP Pamela Lampitt. “By providing financial relief to caregivers through tax credits, we can help ensure they can continue to provide this essential care.

“New Jersey’s caregivers are the first line of defense when it comes to keeping New Jerseyans at home, where they want to be, and avoiding costly nursing home care,” said Crystal McDonald, AARP New Jersey Deputy State Director of Advocacy. “We are fighting to pass legislation that provides financial support for family caregivers, and New Jersey voters – across all parties – support this much-needed help.”

The report shows voters 50 and older think the state should be doing more to support caregivers: A majority of respondents support increasing funding for the state respite care program, support increasing community and state services to help older people live independently at home and believe the new Jersey government should do more to support affordable housing options for older people.

AARP commissioned American Directions Research Group to conduct the survey of 1,200 registered New Jersey voters ages 50 and older.

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About AARP New Jersey
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose their lifestyle as they age. AARP New Jersey educates and advocates on behalf of people 50 and older on issues that are important to them, their families, and all Garden State residents. The organization works to strengthen New Jersey communities with a focus on health security, financial stability and personal growth. To learn more, visit www.aarp.org/nj or follow @AARPNJ on social media.

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