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Long-term care needs among retirees varies widely, new research shows

October 3, 2021

From the CNBC website

One of the biggest unknowns for retirees may be whether they’ll eventually need long-term care — that is, help with daily living activities — and to what degree.

Many people may end up requiring little care if they need any at all, according to new research from the Center for Retirement Research at Boston College. About 20% of 65-year-olds will not need any long-term care during the rest of their life, and another one in five will need only minimal support. 

At the same time, though, about 25% will need significant help for more than three years. Another 38% will fall somewhere in the middle, needing a moderate amount of care for one to three years, the study shows.

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