Rising costs may threaten seniors

May 19, 2019

According to a recent study published by the National Investment Center for Seniors Housing and Care at the University of Chicago, the costs of housing and health care will rise from $7.9 million to $14.4 million by 2029.

This will create financial problems for middle-income seniors, 60% of whom are forecast to have mobility limitations; 20% three or more chronic conditions and restrictions on activities of daily living; and 8% some form of cognitive impairment.

Traditionally, spouses and middle-aged daughters have provided the bulk of senior care, but changing marriage patterns, lower birth rates and the increasing number of adult children who live far from their parents have limited this option.

Find out what recommendations the study makes for solving some of these problems.

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