“Americans Are Spending More But Planning Less For Caregiving,” InsuranceNewsNet

Quote:

“The latest Northwestern Mutual C.A.R.E. Study released today finds that Americans are feeling increasing financial and lifestyle pressure due to caring for an elderly relative or friend. Despite the challenges, 4 in 10 caregivers (39%) took on the role because ‘it is what [their] family has always done’ while more than a quarter (27%) said ‘there was no other option.’

“‘This study validates the importance of thinking ahead, which empowers people to create options by taking control of the process,’ said Kamilah Williams-Kemp, vice president, long-term care, Northwestern Mutual.”

LTC Comment (from Damon V. Moses, Administrative Coordinator, Center for Long-Term Care Reform):  Click the link to see the finding and access lifespan and LTC cost of care calculators. We’ll add this to our Long-Term Care Cost Surveys section in The Zone.

One State’s Quest to Introduce Long-Term Care Benefits

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