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This Memorial recognizes the significant economic contributions of informal or family caregivers, who are unpaid individuals like family members, friends, or neighbors providing care for those with chronic conditions or disabilities. It highlights that these caregivers are the backbone of the long-term care system, often juggling caregiving responsibilities with employment and facing substantial financial burdens, including lost wages and benefits, with women often bearing a disproportionate impact. The Memorial points out that many caregivers in New Mexico earn too much for Medicaid but not enough to cover care costs, leading to financial strain and out-of-pocket expenses. Therefore, it calls for meaningful financial relief through tax credits or other mechanisms, advocates for Social Security caregiver credits for time spent out of the workforce, and urges the state to expand publicly funded home and community-based services, including seeking reimbursement for informal caregivers through Medicaid waivers and contracts with managed care organizations for care coordination activities.