Most Americans Unprepared For Long-Term Care Costs, Survey Finds.

August 2, 2022

Forbes (8/2, Gordon) reports, “According to the U.S. Department of Health and Human Services, nearly 70% of 65-year olds will need some form of long-term care in their lifetimes.” However, “a survey released last month suggests that many middle-income adults will be unprepared” for costs associated with long-term care. The survey also found that “not only are people unsure how they’ll pay for the cost of care over time, they aren’t particularly well versed in how much it’s likely to actually cost.” Additionally, the survey found that “More than one-third” of the respondents “said they feel it is unlikely that they will need some type of help with daily living in the future.”

Last modified on 08/04/2022

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