Tag: health risk
Private long-term care insurance is unlikely to be part of the solution. One of the greatest health-related risks facing older people is the cost of extensive long-term care to help with activities of daily living such as bathing, dressing, and eating or to deal with dementia or other chronic conditions. We estimate that roughly…
The brief’s key findings are: Retirees face many financial risks, such as outliving their money, investment losses, and unexpected health expenses. How important are these risks and how well do retirees perceive them? The analysis finds a big disconnect between how actual and perceived risks are ranked: Actual: 1) longevity; 2) health; and 3) market…