Virginia Bankers Recognize National Family Caregiver Month with Tips for Financial Caregivers

In recognition of National Family Caregiver Month in November, Virginia bankers are helping financial caregivers better understand and execute their roles. The VBA sent this press release earlier this month that contains tips for individuals serving as financial caregivers, as well as explanations of the various roles and responsibilities of types of financial caregivers. The release was featured last week in the Augusta Free Press.

The Caregiver Action Network (the National Family Caregivers Association) began promoting national recognition of family caregivers in 1994. Nearly 44 million Americans are providing care to an individual suffering from illness, disability, limited mobility or age. A financial caregiver is a person who helps a senior manage his or her financial life. The relationship evolves as the needs change. Initially, a caregiver assists with everyday financial matters, but the role can involve greater responsibility if the senior becomes ill or injured or has trouble managing money.