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Baby boomers are more prepared for death than they are for their own lives

July 17, 2019

From the MarketWatch website

Sometimes it’s easier to face death than the grim realities of life.

More than eight in 10 middle-income boomers have made at least one formal preparation for when they pass away, like having a will or outlining their funeral preferences, according to a study released this week by the Bankers Life Center for a Secure Retirement.

But only about 32% have a plan for how they will receive care should their health fail in retirement, just 20% have long-term care savings, and fully 30% have less than $1,000 saved for emergencies like a healthcare issue. And most aren’t all that concerned about it either: 40% of middle-income boomers say that retirement care planning is a low priority or not a priority at all.

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From → Health & Safety

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