Survey: 24% of boomers say they will be able to handle LTC costs

11/29/2012 | National Underwriter Life & Health

Baby boomers expressed less confidence than did members of Generation X about their ability to finance long-term care for their parents and themselves, according to a report by the Insured Retirement Institute. Among Generation X respondents, 28% expressed confidence about meeting long-term-care costs, while 24% of baby boomers expressed such confidence. In contrast, 37% of baby boomers and 34% of Generation X respondents said they will be able to finance their own medical expenses in retirement, according to the report.

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