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Americans Are Often Unprepared for the Realities of Long-Term Care for Their Aging Loved-Ones
Northwestern Mutual ConsumerFeature
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THE FEDERAL GOVERNMENT ESTIMATES THAT 70-PERCENT OF THOSE AGE-65 OR OLDER WILL NEED LONG-TERM CARE. YET, A NEW STUDY FROM "NORTHWESTERN MUTUAL" REVEALS THAT AMERICANS ARE OFTEN UNPREPARED, FOR THE COMPLEX AND UNPREDICTABLE REALITIES OF LONGEVITY AND CAREGIVING. THAT'S BECAUSE--WHILE REWARDING IN MANY WAYS--CARING FOR AGING LOVED-ONES CAN BE ALSO CHALLENGING. ACCORDING TO THE RESEARCH, PEOPLE EXPECT CAREGIVING TO BE MAINLY ABOUT HELPING WITH SUCH CHORES AS FOOD, SHOPPING, AND TRANSPORTATION. BUT, EMOTIONAL AND FINANCIAL SUPPORT IS A BIG PART OF THE RESPONSIBILITIES. A MAJORITY SAY THAT INCURRING EXPENSES RELATING TO PROVIDING CARE WOULD HAVE A SUBSTANTIAL IMPACT ON THEIR FINANCES; THAT'S WHY IT'S IMPORTANT TO HAVE CANDID CONVERSATIONS WITH LOVED-ONES, ABOUT PLANNING FOR THEIR FUTURE CARE-NEEDS. FOR THE FULL STUDY--AND TO LEARN MORE ABOUT PLANNING FOR LONG-TERM CARE--VISIT "NORTHWESTERN-MUTUAL"-DOT-COM.
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