Researchers Look At The Cost Of Growing Older In US.

October 2, 2021

The New York Times (10/2, Span) reported, “For years, researchers have tried to calculate what proportion of the aging population will need such extensive care.” Richard Johnson, “the economist who directs the Program on Retirement Policy at the Urban Institute, said: ‘Becoming frail and needing help with basic personal care is probably the greatest financial risk people face at older ages.’” A 2019 study he “undertook for the federal Department of Health and Human Services, for example, found that over their lifetimes, about 70 percent of older adults will need help from family caregivers or paid aides or some combination, in their own homes or in long-term care facilities. Other surveys have reported roughly similar results.”

Last modified on 10/13/2021

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