Client data review reveals 13.1% increase in anxiety and depression across elder care recipients, 17.9% increase in child mental health challenges, 95% increase in elder care scam concerns, and a 33.6% increase in financial and estate planning concerns.
Torchlight, a leading provider of employee-caregiver support solutions, today released its client data review of the most pressing family and caregiving concerns of U.S. employees since the onset of COVID-19. The study analyzed the responses of a sampling of Torchlight’s users from March 15, 2020 through May 31, 2020 and found that American families are reporting a steep increase in depression, eating disorders, and legal, financial and estate planning concerns of their elderly family members. The study also revealed a nearly 100-fold increase in elder care scams, and a sharp uptick in mental health and ADHD diagnoses of their children.” data-reactid=”13″ style=”margin: 0px 0px 1em; color: #000000; font-family: ‘Yahoo Sans Finance’, ‘Helvetica Neue’, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;”>BOSTON, July 16, 2020 /PRNewswire-PRWeb/ — Torchlight, a leading provider of employee-caregiver support solutions, today released its client data review of the most pressing family and caregiving concerns of U.S. employees since the onset of COVID-19. The study analyzed the responses of a sampling of Torchlight’s users from March 15, 2020 through May 31, 2020 and found that American families are reporting a steep increase in depression, eating disorders, and legal, financial and estate planning concerns of their elderly family members. The study also revealed a nearly 100-fold increase in elder care scams, and a sharp uptick in mental health and ADHD diagnoses of their children.
January 1, 2020 to March 14, 2020. Currently, more than 1.8 million employees across all industries in the United States have access to Torchlight through their employer-sponsored benefit program.
Caregiving in the US 2020 report which affirmed that more than 20% of all Americans are family caregivers and 23% of caregivers cited worsening health due to caregiving responsibilities. Prior to the pandemic, a growing number of Americans were already challenged with family caregiving responsibilities and their own deteriorating health.” data-reactid=”15″ style=”margin: 0px 0px 1em; color: #000000; font-family: ‘Yahoo Sans Finance’, ‘Helvetica Neue’, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;”>Shortly before the pandemic hit, the National Alliance for Caregiving (NAC) and AARP released their Caregiving in the US 2020 report which affirmed that more than 20% of all Americans are family caregivers and 23% of caregivers cited worsening health due to caregiving responsibilities. Prior to the pandemic, a growing number of Americans were already challenged with family caregiving responsibilities and their own deteriorating health.
Grace Whiting, JD, President and Chief Executive Officer, National Alliance for Caregiving. “We’re encouraged to see new data and research on how COVID-19 impacts family caregivers. This type of data can help inform what solutions may best equip families in a post-coronavirus world.”
Caregiving in the Next Normal Toolkit which is designed for organizations, businesses, individuals, parents, and caregivers in need of assistance and information during the Coronavirus/COVID-19 pandemic. Available for download today, the kit contains nearly two dozen guides and tools, including articles, podcasts and webinars for eldercare and parent/child resources.” data-reactid=”18″ style=”margin: 0px 0px 1em; color: #000000; font-family: ‘Yahoo Sans Finance’, ‘Helvetica Neue’, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;”>The company has also released its Caregiving in the Next Normal Toolkit which is designed for organizations, businesses, individuals, parents, and caregivers in need of assistance and information during the Coronavirus/COVID-19 pandemic. Available for download today, the kit contains nearly two dozen guides and tools, including articles, podcasts and webinars for eldercare and parent/child resources.
Adam Goldberg, CEO of Torchlight. “With that first-of-its-kind capability, we feel an enormous responsibility to lead the charge in bringing visibility about the evolving needs of caregivers to employers, health plans, healthcare providers, and other partnering organizations.”
https://www.torchlight.care, or email press@torchlight.care.” data-reactid=”20″ style=”margin: 0px 0px 1em; color: #000000; font-family: ‘Yahoo Sans Finance’, ‘Helvetica Neue’, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;”>About Torchlight
At Torchlight, we believe that caring is everyone’s business and caring is good business. We are the only complete caregiver support solution for employers and member organizations. We offer solutions informed by data and, thus, are built for better results. Our approach includes a user-friendly digital platform and a team of expert advisors. No matter the age, stage or concern, Torchlight’s decision-support tools, caregiving knowledge base, and human expertise combine to reduce stress and enhance outcomes for both families and their sponsoring organizations more cost-effectively than call center or concierge-only solutions. Because getting caregivers the right resources, in the right ways, right from the beginning should be business as usual. Learn more at https://www.torchlight.care, or email press@torchlight.care.