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This study analyses the role of gender and educational attainment in the extent and perceived consequences of family caregiving in middle age in Sweden, using data on persons aged 45–66 years from a nationally representative postal survey (n = 3630) conducted in 2013. The results confirm previous research regarding the role of gender and contradict it regarding the role of class. Among female caregivers, higher education is associated with lower well‐being, work performance and labour force participation relative to lower educated caregivers. When controlling for care intensity and other characteristics, these associations mostly remained. No significant associations were found among men. The results are discussed in the light of deteriorating working conditions in welfare service occupations in which many higher educated women work, and how service decline and increased fragmentation of eldercare …