More Caring For Sick Or Elderly Family As Long-Term Care Costs Increase
Long-term care is an increasingly expensive necessity, Marketplace reports. In the meantime, a new study says four in 10 adults in the U.S. are caring for a sick or elderly family member.
Marketplace: How Much Should You Save For Long-Term Care? (Audio)
Long-term care. It's an economic consequence of an aging America that doesn't get nearly as much attention as Social Security. Nursing homes can run around $100,000 a year, and many aging boomers will not have the money. Marketplace Economics Correspondent Chris Farrell joins Morning Report's Mark Garrison to discuss (Farrell, 6/20).
Reuters: Two-Fifths Of U.S. Adults Care For Sick, Elderly Relatives
Four in 10 U.S. adults are now caring for a sick or elderly family member as more people develop chronic illnesses and the population ages, a new study has found (Abutaleb, 6/20).