“In fact, while only nine percent of older adults (aged 50-80) surveyed felt they’d ever lose the ability to manage their day-to-day finances, 60 percent admit having witnessed it happen to a friend or family member—and 40 percent actually helped manage their own parents’ finances.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Denial still prevails.
Six in Ten Older Adults Have Seen Friends Lose Financial Independence
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