The challenges of caregiving a loved one can take an emotional and physical toll on those involved,

but there's also financial burdens that come with it too.

My mother is in what they call the waiver program and receives full services from the state.

She had to liquidate all of her assets except her house to receive these services.

She's in a nursing home situation and when she passes, the state will take her house.

But in the meantime, we have to maintain the house,

and that means paying taxes and utilities and keeping it in a reasonable condition. So the state

could take it when we're done. It's pretty horrible. Diana, thanks for that message. AARP

estimates that caregivers lose more than $43,000 in income as a result of the demands of caretaking.

They also spend an average of $7,242 out of pocket each year, and those costs are rising.

And home care alone is rising more than three times faster than inflation.

That's according to new reporting for Maxios.

Why is the cost of care going up? And what can you do to manage it? We get to those questions and so

much more after this short break. I'm Jen White. You're listening to the 1A podcast. Back with more

in just a moment. Stay with us.

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Joining us for this discussion is Emily Peck.

She's a national correspondent at Axios.

She writes about the economy and how public policy is changing the way Americans live and work.

Emily, welcome back to the program.

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