Americans Know They Should Plan, But Few Have Strategies
Findings from Northwestern Mutual’s 2014 Long-Term Care (“LTC”) Study released today in conjunction with Long-Term Care Awareness Month reveal sobering realities regarding the state of long-term care preparedness. According to the study, 75% of Americans agree that, as people live longer, the need for LTC planning is greater and 1 in 3 Americans are either currently providing LTC or expect to in the future. However, despite being aware of the implications of longevity, only a fraction of Americans have addressed their own care or understand their family members’ wishes regarding LTC.
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