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Getting old is a crisis more and more Americans can t afford

Growing old is an increasingly expensive privilege often requiring supports and services that, whether provided at home or in a facility, can overwhelm all but the wealthiest seniors. With Americans living longer and aging baby boomers flooding the system, the financial strain is becoming unsustainable. Consider the demographics. In 2018, there were 52.4 million Americans. Read more »

Plan Now for Long-Term Care

Plan Now for Long-Term Care
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A Woman s Guide to Long-Term Care

Getty Images Women face unique challenges as they age. According to the Population Reference Bureau, a Washington based think tank, women live about seven years more than men. Living longer means planning for a longer retirement. That sounds good, but a longer retirement increases the odds of needing long-term care. A 2004 AARP study found more than 70% of nursing home residents were women. Living longer also increases the odds of going it alone, as living longer may mean outliving a spouse. According to the Joint Center for Housing Studies of Harvard University, “In 2018 women comprised 74% of solo households age 80 and over.”

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