Financial Impact of Cancer Treatment

SEPTEMBER 2018

A Survey by The Pink Fund – Young Survivors

Financial Impact of Cancer Treatment

New Survey Shows the Increased Financial Burden on Breast Cancer’s Youngest Survivors.

In summer 2018, The Pink Fund conducted a survey to gather insights on the financial burdens faced specifically by breast cancer patients who were under 40 years of age at the time of diagnosis.

The results paint a startling picture of the devastating financial toll a battle with breast cancer can take on younger patients who have not yet built up adequate financial reserves to mitigate myriad out-of-pocket expenses associated with battling the disease – and who will have to fight and monitor the disease for a longer period of time.

In addition, when possible, poll findings are compared with 2017 results – in which a wider cross-section of ages was surveyed – to further illustrate how younger people are financially impacted in comparison to other age groups.

Key Findings of The Pink Fund Survey 2018

Young breast cancer survivors (under age 40) pay more out-of-pocket for treatment:

• More than 50% incurred expenses of $5,000 or more.

• 27% incurred expenses of $10,000 or more Young survivors were often sent into debt because of medical expenses.

• 46% depleted their savings accounts.

• 25% defaulted on current debt payments.

• 50% went into actual debt.

The Financial Side Effects of Cancer

Financial Toxicity

Financial-Toxicity

130% increase in financial difficulties for patients in active treatment

Job Loss

Breast Cancer Stats

Between 20-30% of women diagnosed with breast cancer will lose their jobs

Bankruptcy

Bankruptcies

10M will be unable to pay for rent, food & utilities because of medical bills

Impact on Savings

Impact on Savings

76% of full time workers nationwide live paycheck to paycheck

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If you or a family member is undergoing treatment for breast cancer and have lost all or a part of income during active treatment, learn more about how The Pink Fund can help.

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