Many Americans age 50 and older worry about funding their long-term care, don’t feel financially prepared, and would strongly prefer to receive long-term care at home rather than in a nursing home. These are the results of a May/June 2011 Sun Life Financial survey of more than 1,000 Americans.
The survey, conducted by Kelton Research, reveals that nearly 60% worry about long-term care costs and don’t feel confident that they’ll be able to meet those costs: Only 16% feel financially prepared to finance their long-term care.
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