10/15/2026
A MUST READ! “Unfortunately, most Americans underestimate their risk of needing long-term care. Only 43 percent of people aged 50 and older think it’s likely they will need long-term care in the future. More importantly, many more underestimate their financial need for long-term care: 62 percent mistakenly think Medicare will cover costs if they need to move into a nursing care facility. Medicare does not cover long-term care. Adults must pay their own care costs out-of-pocket unless they qualify for Medicaid…”
Jessica Forden explores how rising long-term care costs deplete middle-class assets, driving intergenerational wealth inequality.