“Six in Ten Older Adults Have Seen Friends Lose Financial Independence,” by Fidelity Investments, Advisor Magazine

“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

#goldencareagent