What Resources Do Retirees Have for Long-Term Services & Supports?
The brief’s key findings are:
- A growing concern is whether retirees will be able to meet future needs for long-term care without exhausting their resources.
- The analysis estimates how much support retirees could get from their family and financial resources and compares this amount to different levels of care needs.
- The results show that about one-third of retirees do not have the resources to afford even minimal care and only about one-fifth could cover severe needs.
- Not surprisingly, those who are married, better educated, and white have more resources for long-term care.
- To identify which people may have unmet needs, a subsequent brief will address whether those who will need care are the same ones who have the resources.