Mary Smyth | Second | Getty PhotosFor older adults, maybe nothing is scarier than the prospect of spending their later years in a nursing residence
Mary Smyth | Second | Getty Photos
For older adults, maybe nothing is scarier than the prospect of spending their later years in a nursing residence.
Greater than 1 in 2 adults aged 50 and over stated that they might reasonably die than dwell in a long-term care facility, in accordance with a current survey from Nationwide Retirement Institute.
The group took a web based ballot of 1,462 folks in that age cohort from March 25 by means of April 10.
Loneliness, lack of independence and being with out household have been a number of the main drivers behind their apprehension towards nursing houses, Nationwide discovered.
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As well as, almost 70% of contributors additionally stated that one among their high fears in retirement is out-of-control health-care prices, together with nursing residence bills.
They’ve good purpose to fret.
A wholesome 65-year-old couple retiring this 12 months can anticipate to spend $285,000 on health-care costs in retirement, together with Medicare premiums, copays and prescribed drugs, in accordance with data from Fidelity Investments.
And that is earlier than including in the cost of long-term care, which runs as excessive as $102,200 yearly for a personal room in a nursing facility, in accordance with Genworth Monetary.
“A…