Study 54% of middle-income seniors will not be able to afford assisted living

More than half of middle income seniors in the U.S. will not be able to meet the costs of assisted living, even if they committed 100% of their annual financial resources, new research shows.
According to a study published online today in Health Affairs, it will cost about $60,000 annually for assisted living rent and associated payments for care of seniors in the next decade.The report projects about 14.4 million people of middle income and over the age of 75 will need assistance over the next decade as demographics shift.

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