Thursday, February 02, 2006
Preparing and Paying for the Cost of Care as We Age
A new Wall Street Journal Online/Harris Interactive(R) Personal Finance Poll finds that only a quarter (26%) of U.S. adults think they have or will have saved enough money to finance their own potential long-term care needs as they age. Fully 41 percent do not think they will have enough money to cover their expenses as they age and 33 percent are not sure.
Adding to the financial strain, many adults may have to finance some of the costs associated with their parents' potential long-term care needs, with more than a quarter (28%) of adults whose parents are still living saying that they and/or their siblings will be sharing these cost with their parents and 14 percent saying that these costs will fall primarily on them and/or their siblings.
Preparing and Paying for the Cost of Care as We Age
Source: Insurance News Net
Adding to the financial strain, many adults may have to finance some of the costs associated with their parents' potential long-term care needs, with more than a quarter (28%) of adults whose parents are still living saying that they and/or their siblings will be sharing these cost with their parents and 14 percent saying that these costs will fall primarily on them and/or their siblings.
Preparing and Paying for the Cost of Care as We Age
Source: Insurance News Net
Permalink posted by armandn @ 12:41 PM 
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