50 Must-Know Statistics About Long-Term Care
The skinny on usage, cost, insurance, caregivers, and more.
Figuring out your financial plan for long-term care is a little like trying to keep your footing on a trampoline that someone else is jumping on. Try as you might to stand up, the ground keeps shifting beneath you.
There's little dispute that the need for long-term care is on the rise with an aging population: The percentage of 65-year-olds who either spent at least one night in a nursing home or needed in-home health care over the previous two years jumped by 40% and 50%, respectively, between 2000 and 2010. And the costs can be staggering--in expensive geographies, the annual outlay for care in a long-term-care facility can exceed six figures.
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