This August 9, 2015 article from Morningstar titled “40 Must Know Statistics About Long-Term Care” is powerful! I recommend this concise article for people willing and unwilling to start conversations about responsible long-term care (LTC) planning. I recommend it for those who have already planned for their LTC. In other words, I recommend it for practically everyone!
Here are just a few facts from the article:
“37 million: Number of Americans age 65 or older in 2005.
81 million: Expected number of Americans age 65 or older in 2050.
9 million: The number of Americans over age 65 who need long-term care in 2012.
12 million: The number of Americans expected to need long-term care in 2020.
78%: Percentage of the elderly in need of long-term care who receive that care from family members and friends.
34 million: Number of caregivers who provide care to someone age 50 or over.