Key Findings

  • Eight in ten (81%) middle-income Boomers have made at least one formal preparation for when they pass away, while only three in ten (32%) have a plan for how they will receive care in retirement, should they need it.

  • Fewer than one in five (18%) middle-income Boomers report that planning for retirement care is a high priority for them.

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 at home or in a facility, due to injury, chronic illness or decline in physical or cognitive function—is becoming an increasingly urgent issue for which Boomers need to plan for and address.

Boomers More Prepared for Death Than Life – And It’s Not Getting Better

In this study, A Growing Urgency: Retirement Care Realities for Middle-Income Boomers, the Bankers Life Center for a Secure Retirement seeks to understand how prepared middle-income Boomers are for the possibility of needing care in their retirement—their changing expectations, insuffi

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