Many Americans will need long-term care but won’t be able to afford it

Source: Paula Span, N.Y.Times (Paid Registration)

Depending on how one defines the need, half to two-thirds of older Americans will eventually require long-term care.  

Even among middle-income seniors with housing equity, more than half will be unable to pay assisted living fees and medical costs in 2029, the study found. (Independent living, while cheaper, provides some services but no hands-on care.)

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