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America’s long-term care crisis is worsening

Max Richtman
America’s long-term care crisis is worsening

Long term care is something most of us will need as we grow older. Most seniors simply don’t have the average $100,000 a year for a nursing home, $45,000 for assisted living, or $33,000 for in-home care. “The out-of-pocket costs of such assistance can be catastrophic, and few people have the necessary resources…to meet this need,” concluded the report of a nonprofit working group called the Long-Term Care Financing Collaborative.