Most U.S. Middle-Class Seniors Will Lack Funds for Assisted Living by 2029
A decade from now, more than half of middle-class seniors in the United States will be unable to afford needed housing and personal assistance, a new study contends.
The number of middle-income people over 75 will nearly double to 14 million by 2029, up from about 8 million today, projections show.
About 54% of these seniors won’t have enough money to afford an assisted living facility or the kind of personal care that would keep them in their own homes, the researchers reported
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