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Most Consumers Lack Confidence in Ability to Pay Costs of Long-Term Care
Insured Retirement Institute [IRI]
Nov. 29, 2012
"[M]ost consumers lack confidence in covering their long-term care costs in retirement and ... already low confidence levels appear to diminish further with age. While only 28 percent of Generation Xers are confident in meeting long-term care costs, that level of optimism declines to 24 percent among Baby Boomers. The trend of decreasing confidence with age was detected across all demographics surveyed, including gender, income and marital status."
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