Aging Baby Boomers Changing Long Term Care
By admin on Sep 2, 2008 in Social
Nursing homes are out, and long term care and assisted living will be in for aging baby boomers.
Statistics show seven out of ten baby boomers born during the years 1946-1964 will need some kind of long term care after age 65.
But it’s all about how that care will be delivered that’s the interesting change. And apparently, massive change is on the way, which is a relief.
Also, if a cure or at least a drug that controls Alzheimer’s can be discovered, much of the problems forcing people into nursing homes will be eliminated, freeing them to stay in their own homes or at least assisted living facilities.
Does that mean the future looks somewhat brighter for baby boomers?
Possibly.
We have changed every single institution we’ve passed through so far, why not tackle the long term care and nursing home problem?
Read Long-term care fraught with uncertainties for elderly baby boomers
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1 Comment(s)
By Mike on Sep 4, 2008 | Reply
I am a CPA and financial planner. While I mainly specialize in helping families save money when making funeral arrangements, I am fairly well-versed in a wide-range of financial eldercare issues.
Here is a pretty good financial planning book written for consumers:
http://www.fpanet.org/FPAStore/FPR0201/
It includes a specific chapter that can help you better understand long term care insurance and planning.
If you need to learn more about saving money when making funeral arrangements, you can visit this site: http://www.funeral-tips.com