The loss of income and additional medical expenses can make it impossible for families to stay on top of their everyday bills. New Day is helping all types of families manage the effects of Cancer-Related Financial Toxicity.
Meet a Metro Detroit-area family of five. Dad has Bachelor’s degree, works full-time; Mom has Master’s degree and worked full-time until she was diagnosed with metastatic breast cancer. They are homeowners and have three children ages 9, 8 and 5. Mom was diagnosed with breast cancer in 2015, and had a reoccurrence in 2019 when she was diagnosed with stage IV breast cancer and secondary bone cancer.
This cancer diagnosis resulted in over $19,000 in medical expenses for the year…and that wasn’t even the worst of it. The family also lost $43,000 in household income due to Dad’s lost income and Mom moving from full-time to part-time employment. These losses slashed the household budget 50% — from $124,000 a year to $62,000 a year.
Cancer related financial toxicity impacts those from all socio-economic backgrounds. New Day was proud to help this family navigate the unexpected financial challenges a cancer diagnosis can bring. Click the link below to learn more about this story.