AARP polled voters. Voters said helping family caregivers matters. Congress will now hold a hearing about it and then do nothing.
Caregiving costs thousands. Out of pocket. For adult relatives. You pay for Dad's pills. You pay for Mom's ramp. You pay with the savings you meant to lose on options.
AARP says this could sway midterm voters in competitive House races. A competitive House race is where two people spend nine million dollars to fight over a Dunkin' parking lot.
Here is the market read. Caregiver tax credit: bullish. Respite care: bullish. Your Aunt Linda's third hip: structurally unsound, much like your portfolio.
The retail trader will ignore all of this. He has a 4 a.m. alert on a biotech that makes a cream. He does not have time to ask who changes his father's sheets. The answer is a sister in Ohio. She has no Discord.
Still, I admire the plan. Promise middle-aged people money to care for old people. Then count on the old people to vote. They always vote. They vote like it's their job, because their pension got cut.
Politicians will now say "sandwich generation" on television. It's a lunch metaphor for people being crushed between two bills. Nobody has ever been helped by a sandwich metaphor.
My chart shows a support level at roughly one empty promise. It broke in 2019. It broke in 2022. It will break again in November.
You were going to inherit nothing anyway. Now you can inherit the bedpan.
Photo by Markus Winkler on Unsplash
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