Many members of Generation-X say they feel unprepared for long-term care and do not feel they are taking the necessary steps to prepare for their futures, according to a survey released today by America's Health Insurance Plans (AHIP). The survey, conducted by StrategyOne on behalf of AHIP, found that over half (52 percent) of respondents born between 1960 and 1980 feel somewhat or entirely unprepared for long-term care. They also place more immediate financial concerns ahead of affording long-term care, with 44 percent of respondents ranking the need to save for retirement as their first or second priority.
Guilty as charged. I really don't give much brain power to those last few years of my life when a nurse will be spooning me mashed peas and pretending to not be annoyed for having to change my Depends for the 3rd time in an hour.
But, but, but didn't Dennis Hopper say retirement is like being all young again in that commercial??
2 comments:
There's never enough money, tho. You wait to get married or have a kid or to buy a house or go on that BIG vacation -- whatever it is, you can never save enough for it.
And then retirement, you can't save enough for that either. Long-term care at least you can have in your insurance policy.
But doesn't it all go back to families are smaller and spread out all over and so Great Aunt Matilda doesn't have 20 neices or nephews to choose from to stay with now that she's not able to be alone anymore. How my parents helped out my grandparents, because both sets of grandparents only lived 20 minutes away.
Kath
Good point. Less family = less peeps that could potentially care for you.
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