“Older adults’ net worth surges following pandemic”

“Older adults’ net worth surges following pandemic,” by Kathleen Steele Gaivin, McKnights Senior Living

“Home and stock prices have increased substantially since the COVID-19 pandemic, resulting in a $91,000 median increase in net worth between 2019 and 2022 for households headed by someone aged 65 or more years. That’s according to Bloomberg, which cited research from the Federal Reserve Bank of St. Louis that used data from the Fed’s Survey of Consumer Finances.”

 

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

Trillions of dollars are lying fallow in the U.S. economy that could go to fund better access to higher quality long-term care. How? Read the Paragon Health Institute’s “Long-Term Care: The Problem” and “Long-Term Care: The Solution” and watch this “virtual LTC event” featuring age wave visionary Ken Dychtwald and leading LTC researchers.