Planning to Retire

No Surprise: Boomers Don't Want to End Up in a Nursing Home

By Emily Brandon

Posted: June 11, 2008

If I ever got sick, I think I'd like to be at home with my family. The other option for long-term care is, of course, paid caregivers. But if baby boomers of means have their way, they will be taken care of by a combination of the two, a new survey found.

Some 49 percent of adults between 50 and 70 years of age want to be taken care of at home by both family and professionals, according to a Lincoln Retirement Institute and Mathew Greenwald & Associates online survey of 1,011 adults with household incomes of at least $75,000 or total household financial assets of over $250,000 (not including the value of a home or other real estate). The rest of the boomers preferred long-term care at home with professionals only (35 percent), a nursing home (8 percent), and at-home care with family only (7 percent).

Tell me, who would you like to take care of you in your final days?

Konottr

http://legal-nurse.directus.osa.pl

Haj meni veze ves' chas

i s'ogodni i sejchas

please of AL @ Nov 01, 2008 22:09:08 PM

Boomers may not just "follow" the old trend

Everybody who has ever visited nursing homes or learned anything about their current costs wants to "avoid" being in one. Boomers will be the generation that "avoids" them the most, primarily due to lack of resources. You will see more seniors "buddying up" in some fashion to take care of each other (especially those with less family) and, you will sadly see more suicide among seniors with dwindling options. (I'm NOT recommending senior suicide, but I am predicting we will see more of it in the next 30 years unless we modify our current either/or model of $75,000 a year care from a corporation or Medicaid after poverty. For those in the "middle" with "some" (but not much) resources, the pain of so quickly losing everything that's left and becoming "a burden" will drive many to a sudden brink.) So we might want to be thinking how we of society plan to prevent that.

Daniel David of NM @ Jun 11, 2008 19:51:52 PM

Long term care

My wife and I are telling our 5 and 7 year old sons that we took care of them when they were young and they will need to help us out when we get old. Hopefully this will help them think about us as we get older.

Glenn of OK @ Jun 11, 2008 14:43:31 PM

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Planning to Retire

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