Long-Term Care: What Are the Odds You’ll Need It?

Jul 2, 2018 / By Elaine Belsito
Horsesmouth Assistant Editor
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Chart Talk: We often believe we’ll be the exception to the rule, but over two-thirds of people aged 65 today will need long-term care. Its high cost must be part of the retirement budget.

MarketWatch reports that:

An American turning 65 today has a 70% chance of needing some type of long-term care service, according to the U.S. Department of Health and Human Services, and though one-third of today’s 65-year-olds may not need it, 20% of them will for more than five years. Women, on average, need care for longer than a man—3.7 years versus 2.2 years, respectively. About 10,000 people turn 65 years old every day, and will until 2029, according to Pew Research Center.
Americans Using Long-Term Care

Source: MarketWatch

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