“Only 25% of adults queried by investigators at the Associated Press-NORC Center for Public Affairs Research correctly estimated costs, which the center said average $3,000 to $4,000 per month, whereas 44% underestimated them and 30% overestimated them. Underestimating has grown since the first surveys were conducted in 2013 and 2014, when it was 31%, according to center representatives.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Ignorance is bliss, until . . .
Survey: 75% of 40+ adults do not know how much assisted living costs