Key Findings

  • Nearly all (92%) middle-income Boomers are willing to make lifestyle sacrifices to provide care to a family member or loved one.

  • Almost half (45%) of middle-income Boomers believe that they will need long-term care at some point, up from about a third (36%) in 2013.

For the first time in a Bankers Life Center for a Secure Retirement study, more middle-income Boomers now consider themselves retired than not retired. And as 10,000 Americans continue to turn 65 each day, retirement care—whether due to injury, chronic illness or physical or cognitive decline—is becoming an increasingly urgent issue for which Boomers need to plan and address.

Caregivers’ Expectations and Lifestyle Sacrifices Revealed Ahead of Pending Silver Tsunami

According the U.S. Census, by 2035, older generations are projected to outnumber children for the first time in U.S. history. Who will take care of this aging population? What lifestyle changes are to be expected? Do caregivers and care recipients see eye to eye?

In this supplement to our initial study, …

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