Insurance for long-term care is undergoing a transformation that will be financially challenging for aging consumers.
A survey shows that individuals aged 50 to 66 expect to work longer and to have less financial security in their retirement.
Expect nursing homes to respond by cutting staff. Some may decline to accept patients with more complex medical needs.
They're tapping their own retirement savings to pay for that care, now that caregiving programs are facing budget cuts.
Economic woes have accelerated a trend toward multigenerational households that began in 1980.
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