“Survey: Older adults prefer assisted living over home health or nursing home care,” by Lois A. Bowers, McKnight’s Senior Living
“‘Older adults’ first choice for living arrangements as they age is to stay at home and remain completely independent, according to the latest adviser poll by Key Private Bank. Moving to an assisted living community, however, was a ‘close second,’ by far topping being cared for by family or professional caregivers at home or moving to a nursing home. … Fifty-five percent of advisers said that only ‘some’ clients are discussing long-term plans with children and other family members. Twenty-two percent said that ‘hardly any’ are doing so. … Forty-six percent of advisers said that long-term care planning should occur between the ages of 40 and 50, and 37% said it should happen between 50 and 60.’” [Emphasis added.]
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The bolded phrase is crucial. Everyone wants to age in place, but add the proviso that family or caregivers will likely have to come into your home to take care of you there and moving to assisted living, at considerable cost, appears much more attractive … as would LTC insurance if the point is raised.