Economy

October 10, 2011 6:40 AM

Long-term care is an afterthought for many

Recent studies show that much of the aging public remains in denial about the potential need for long-term care, which could wreak financial havoc on the baby boom generation's retirement years. According to the U.S. Department of Health and Human Services, more than 70 percent of people 65 and older will require some sort of long-term care, 40 percent of them in a nursing home setting.

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