A cancer in the family: One spouse’s diagnosis can lower household income

Big Questions Drive Relapsing-Remitting Multiple Sclerosis Research 
May 8, 2017
‘Aspirin a Day’ for Cancer Prevention? | BioPlus Specialty Pharmacy
May 9, 2017
Show all

A cancer in the family: One spouse’s diagnosis can lower household income

Family finances are negatively impacted after a cancer diagnosis.

Caring for a husband or wife with cancer significantly diminishes family income, according to researchers from the University of Georgia Terry College of Business, who tracked changes in employment and income among working-age couples in Canada.

By matching tax returns with health data from Canada, co-researcher Vincent Pohl, assistant professor of economics at UGA, was able to determine that a spousal cancer diagnosis results in a decline in household income by 5 percent among men and 9 percent among women, on average.

“The average annual household income for the working-age couples we studied was about $100,000, so the loss of income per family is about $5,000 to $9,000, which is a pretty substantial decline,” he said. “In a situation where one household member has a devastating diagnosis, it leads to the whole household suffering economically.”

Read full article: A cancer in the family: One spouse’s diagnosis can lower household income | EurekAlert! Science News

Read Full Article: A cancer in the family: One spouse’s diagnosis can lower household income | EurekAlert! Science News

The health and medical information on our website is not intended to take the place of advice or treatment from health care professionals. It is also not intended to substitute for the users’ relationships with their own health care/pharmaceutical providers.

Comments are closed.