Aging Baby Boomers Will Impact Long Term Care Services

Aging Baby Boomers will significantly impact the potential demand for long-term care services over the next two decades.

• Over the next 20 years, the number of Americans age 65 and older will more than double to 71 million, comprising roughly 20% of the U.S. population.
• Greater longevity among the Baby Boom generation will also contribute to increased demand for long-term care services—those surviving to age 65 can expect to live an average of 20 more years.
• As Baby Boomers live longer, their chances of needing some form of long-term care services will rise as well. Roughly 70% of people over age 65 require some form of long-term care, and more than 30% will receive some nursing home care in their lifetime.

It is important to have a plan for your own long-term care even though it may be 20-30 years from now.

Where will the money come from for your care?

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