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CIBC Study: Cost of Caring for Aged Parents: $33 Billion Annually

Posted on Mon, May 8, 2017 at 1:02 pm

 

According to a recently released CIBC report (co-authored by noted economist Benjamin Tal), the cost of caring for aged parents is upward of $33 Billion annually.

The overall cost total breaks down into $27 Billion in lost wages and vacations, and $6 Billion in direct out-of-pocket expenses.

For CIBC's press release and associated media coverage and commentary, click on the links below:

 

CIBC Newswire Press Release

Toronto Star Article

Benefits Canada Article

National Post

Globe and Mail


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