Consumers Underestimate Costs of Long-Term Care

Publish Date:

Wednesday, July 24, 2019 11:36 am EDT

News Organization:

Yahoo Finance

A 65-year-old has a nearly 70% chance of needing long-term care services in their lifetime, according to the U.S. Department of Health and Human Services. While the financial burden on families varies based on where they live, consumers around the country vastly underestimate the costs, new research shows.

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