Excerpt from: The Generation Above Me (click for full article)
Seventy percent of people 65 plus will use some form of long-term care. This means that they will need help with activities of daily living such as dressing, eating, toileting or help with instrumental activities of daily living such as managing their medications, paying bills, and using a telephone.
The type of long-term care an older adult receives may be short and provided by a family member. However, the older a person grows, the more likely he or she will need long-term care for longer periods of time. This may require some form of home health care or a period of stay in a skilled nursing center.
Here are some statistics about long-term care:
- Nearly 70% of Americans over 65 will require some form of long-term care.
- Nearly 40% of Americans over 65 will spend some time in a nursing home.
- The average stay in a nursing home is 2.5 years.
- The average cost of a nursing home stay is about $70,000 a year.
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