Which of the following statements about the costs of elder care is most accurate?
A) It should be much less expensive for firms to provide elder care than for them to provide child care.
B) The financial burdens of elder care on the children of aging parents are likely to become less serious in the future than they are today because many senior citizens are now remaining employed into their 70s rather than retiring in their early 60s.
C) Although elder care is expensive, the good news is that companies can receive a great deal of assistance from the federal government when they establish qualified elder care programs.
D) The costs of elder care to companies will rise higher in coming years as an increasing number of more experienced and high-ranking employees face the need to care for aging parents and other relatives.

Question

Quizplus · Accepted Answer

As the workforce of the U.S. ages, an increasing number of employees will face the need to care for aging parents or other relatives. Since the workers who have elderly parents are likely to be among the company's most experienced employees, they are likely to be in positions of greater authority and responsibility than workers who have child care needs. Thus, the cost of absenteeism, tardiness, turnover and reduced productivity of workers with elder care responsibilities could be especially high. Moreover, the federal government currently provides little assistance to providers of elder care.

Which of the Following Statements About the Costs of Elder