Most people fear of confronting retirement years when financial issues are at stake, afraid of the circumstances that could make them hapless and penniless. The most feared financial problem is the excruciating cost of long term care for people with serious health problems. Elders feel paralyzed not by their physical deficiencies but due to the sky-rocketing prices of long term care.
The increasing life expectancy should be the basis in considering long term care. The longer we live, the more instance for us to pay someone to help us perform our daily chores and personal activities. American’s life expectancy is said to have increased dramatically. Since 1940, the chance of living another 20 years have doubled and expected to have increased by 2030.
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