Aging

Why Long-Term Care Insurance Falls Short for So Many – The New York Times

by dldamore

Why Long-Term Care Insurance Falls Short for So Many – The New York Times:

Only 3 to 4 percent of Americans 50 and older pay for a long-term care policy, according to LIMRA, an insurance marketing and research association. That stands in stark contrast to federal estimates that 70 percent of people 65 and older will need critical services before they die.

Many Adults Are Helping Their Parents Financially Despite Strain – The New York Times

by dldamore

Many Adults Are Helping Their Parents Financially Despite Strain – The New York Times:

“Many adults give financial support to their parents, despite feeling a strain on their own budgets, new research finds.

About a third of adults in their 40s, 50s and early 60s said they had given a parent money in the past year, according to a new survey from the research arm of AARP, the advocacy organization focused on older Americans.”