Young people should start planning for this depressing eventuality now

Young people should start planning for this depressing eventuality now
·2 min read

Long-term care might be an overlooked expenditure, but it is becoming increasingly important to incorporate in retirement planning — especially for younger generations. The number of Americans expected to need long-term care services, which include activities of daily living such as bathing and eating, is expected to double from 7 million today to 14 million in 2065, according to MedicareGuide.com, a website dedicated to Medicare resources. The site did an analysis of the Department of Health and Human Services research conducted by the Urban Institute, as well as used the National Association of Insurance Commissioners and AARP as resources for its report.

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