Adult Caregivers Employee Resource Group: The Growing Costs of Caregiving

Date: Tuesday, April 9, 2024 | Time: 12:00 – 1:00pm | Location: Virtual – Zoom

Event Description

American Association of Retired Persons (AARP) estimates that family caregivers spend about $7,242 annually on caregiving activities, which is about 26% of their income. Caregivers approaching retirement face many uncertainties. From knowing if they’re properly invested to ensuring that their loved ones will be taken care of and still be able to meet their needs. Retiring presents many choices and they want to make the right decisions.

Join us for a discussion with Ethan Cramer from Michigan Financial Companies on the growing costs of caregiving. He will offer suggestions and tips to prepare for caregiving in retirement.

An Employee Resource Group is a free employee-led group (open to all MSU employee types including faculty, academic, support staff, and post-docs) that fosters inclusivity and builds community for those with common lived experiences by providing group discussion and learning opportunities, programming, and platforms for sharing resources. The Adult Caregiver Employee Resource Group is a place for Spartans to connect on adult caregiving issues (including elder care and other adult care, like adult children, spouses, etc.). The goal of the group is to discuss related topics with the goal of connecting, sharing resources, building community, and sharing best practices regarding adult caregiving.  

The Adult Caregiver ERG meets on the 2nd Tuesday from 12-1 pm during the academic year in the form of educational Zoom webinars, interactive “Ask the Expert” panel format meetings, as well as in-person family-friendly programs and events. 

No membership is needed and there is no cost to attend.

Learning Objectives

  • Explore the average cost of caregiving
  • Local resources for caregiving  
  • How to prepare financially for long-term caregiving 
  • Preparing for long-term commitments

About the Speaker: Ethan Cramer, Michigan Financial Companies

As Director of Financial Planning & Development, Ethan guides his clients through a process to uncover and address each of their distinct financial worries and needs. Providing direction and clarity, he partners with clients to help them retire confidently, giving them the freedom to focus on what is important. Ethan earned a Bachelor of Arts in Finance from Michigan State University and has his Life Accident and Health Insurance Licenses. He is vice president of Ann Arbor Trout Unlimited and a member of the MSU Alumni Association. Ethan resides in Birmingham, Michigan, and is an avid fly fisherman.