What is the average lifetime out-of-pocket expense for older people and seniors dedicated to long term costs before they die?
Nearly a fifth of older people will incur more than $25,000 in lifetime out-of-pocket long-term costs before they die. The Retirement Project (2007) Meeting the Long-Term Needs of the Baby boomersHundreds of thousands of American seniors utilize assisted living, a figure that is only growing. For these seniors, assisted living combines residential housing,assistance in daily activities, and some healthcare. These communities also strive to provide an atmosphere that is comfortable and engaging for their residents… Read More >