Analysis: Most Americans Who Will Need Long-Term Care In 2029 Will Not Be Able To Afford It.

May 10, 2019

The New York Times (5/10, Span) reported a new analysis in Health Affairs determined that in a decade, “most middle-income seniors will not be able to pay the rising costs of independent or assisted living.” The analysis suggested the middle-income cohort in 2029 would need “access to about $25,000 to $74,000 a year in current dollars” for those aged 75 to 84. The article indicated nearly “14.4 million people will fall into the middle-income category, almost double the current number,” and that while they are “less likely to experience poverty...80 percent of middle-income seniors will have less than $60,000 a year in income and assets,” while the “estimated cost of assisted living plus out-of-pocket medical expenses will hit $62,000.”



By clicking “save,” I acknowledge that all fields marked with an asterisk are required. We ask for your email address so we can contact you for additional information if necessary. Your email address will not be published on the public site. Your name and your comment may remain published on this site indefinitely. We will delete any comments that include vulgar language, hate speech or personal attacks, or which do not pertain to the topic at hand. We also may delete comments that include personal information about another person. If a comment is received that contains non-publishable material, we reserve the right to either edit the comment to remove these elements or to delete the comment.

Last modified on 05/13/2019


Back to Top