Most seniors in America can’t afford nursing homes or assisted living, study finds
Many older adults lack financial stability: ‘Greater longevity comes at a higher cost’.
As many as 80% of aging adults in America lack the financial resources to pay for two years of nursing home care or four years of an assisted living community.
That’s according to a new study from the National Council on Aging (NCOA) and the LeadingAge LTSS Center at the University of Massachusetts Boston.