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Time to Get Your Head Out of the Sand about Long-Term Care

October 21, 2019

From the Kiplinger website

As more Boomers are becoming caregivers themselves for their parents and loved ones, the realities of the costs and work involved are sinking in. It’s time to make a plan for yourself.

Baby boomers are living longer than ever before. In fact, as a nation, we are getting grayer and grayer. The U. S. Census states that, “Already, the middle-aged outnumber children, but the country will reach a new milestone in 2035. That year, (they project) that older adults will edge out children in population size: People age 65 and over are expected to number 78.0 million, while children under age 18 will number 76.7 million.”

Many baby boomers have remained ignorant of the challenges of living longer and of the need to make the necessary preparations for this phenomenon. Have baby boomers saved enough to take care of themselves as they age?

The simple answer is: no. In fact, it’s NO.

Learn more

From → Finance

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