Do Households Have a Good Sense of Their Long-Term Care Risks?

Anqi Chen, Alicia H. Munnell and Nilufer Gok

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: Many older adults will require some degree of long-term care (LTC) later in life, with more than half needing more intensive support, often for an extended period. The resources required to meet such high-intensity, long-duration LTC needs – provided by family members or through paid formal care – can be substantial. This paper addresses the question of whether older adults understand their LTC risks and whether the accuracy of their perceptions varies by socioeconomic characteristics..

Pages: 24 pages
Date: 2025-02
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