The economic slump is causing many Americans to feel unsure about their retirement security and their ability to pay for long term care.
Researchers at the Life and Health Insurance Foundation for Education, Arlington, Va., say 64% of Americans age 45 and older think the downturn has hurt their ability to pay for long term care services should they become unable to take care of themselves for an extended period of time.
Released to coincide with Long Term Care Awareness Month in November, the survey found that 61% are concerned that they will be responsible in the future for providing either financial assistance or personal care to a loved one who needs long-term care services.
