McKnight’s Senior Living September 21, 2023
Americans “dangerously” underestimate the effects that healthcare costs and challenges may have on their retirement plans, including planning for a stay in a long-term care facility, according to the results of a new survey.
In its 2023 Protected Retirement Income and Planning Study, released Tuesday, the Alliance for Lifetime Income examined the connections between physical and financial health while planning for and living in retirement.
According to the National Council on Aging, today’s 65-year-olds can expect to live at least another 20 years. But almost 95% of older adults have at least one chronic condition, such as heart disease, diabetes, arthritis or Alzheimer’s.
Although 11% of Americans aged 65 or more years have Alzheimer’s, and up to 18% of people...
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