“Study: 72% of middle-class seniors may not be able to afford assisted living by 2033,” Reverse Mortgage Daily
“A new study released by NORC at the University of Chicago finds that nearly three-quarters of American seniors will be unable to afford assisted living programs by 2033, excluding home equity wealth from the equation. However, even when home equity is included, less than half of seniors will be able to afford such care.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
That leaves Medicaid or private LTC insurance. Which do you think is most likely to pay? Will you gamble on welfare or pony up for contractually protected coverage?
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