Assisted living edges out home care, nursing home as paid long-term care choice for middle class

• By: admin
• On: 08/29/2024 09:47:35
• In: Latest News

Assisted living community living edged out professional at-home care and nursing home care as the paid long-term care option of choice for US middle class retirees who predicted in a recent survey what they would do if they needed activities of daily living assistance or nursing care. The majority of respondents, however, said they plan to rely on unpaid care provided by family and friends if they have such needs, according to results released Wednesday.

The findings were contained in a report, “The Retirement Outlook of the American Middle Class,” released by the nonprofit Transamerica Center for Retirement Studies and the Transamerica Institute. The report was based on the results of a 25-minute online survey conducted by The Harris Poll on behalf of the Transamerica Institute between Sept. 14 and Oct. 23, 2023. The nationally representative sample of 10,002 people included 5,726 people with annual household incomes of $50,000 to $199,999, the income range that the Transamerica Institute and TCRS used to define the middle class.