Who is Caring for the Aged? How is it being Funded? What Can be Done?

ADULT CHILD WITH A PARENT--Paying for Care

• 36% of married children would have one spouse stop working to
provide care
• 50% would use money set aside for a child’s education
• 69% would tap into retirement savings
• 69% would sacrifice job advancement to provide care themselves

PARENTS WITH AN ADULT CHILD--Paying for Care

• 77% would not want the child’s spouse to be the caregiver
• 93% would not want money saved for a grandchild’s education to be
used to pay for care
• 86% would not want their child to tap into retirement savings
• 91% would not want their child to sacrifice career advancement

What's the alternative? LONG-TERM CARE INSURANCE!