“71% of affluent older adults would rather rely on family — and pay them — for LTC, survey finds”

71% of affluent older adults would rather rely on family — and pay them — for LTC, survey finds,” by Marty Stempniak, McKnight’s LTC News

“A new survey of wealthy seniors suggests that many of nursing homes’ potential residents would prefer to receive long-term care at home, and would be willing to pay their own family members for it. … About 56% of respondents said that they ‘would rather die’ than live in a nursing home, and 47% said they’re worried about becoming a burden to their families.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Good news: more boomers are thinking and getting nervous about likely long-term care in their futures. Bad news: denial still reigns. The percentage who’d rather die than go to a nursing home has nearly doubled since this reference I cited 21 years ago:

“Surveys find that most people would rather continue living at home than go to a nursing home. But the aversion to such a facility is so strong that a new study of seriously ill people in hospitals found that 30 percent of those surveyed said they would rather die than live permanently in a nursing home.” (New York Times, 8/6/97, p. B9 based on findings published in the July 1997 issue of the Journal of the American Geriatrics Society.)

#goldencareagent
#LTC