Survey Reveals Wishful Thinking About Retirement

Another 62% of the participants said they thought that Medicare would pay for LTC services. Medicare does not pay for LTC services, although it does pay for a few weeks of skilled nursing care for some patients.

Only 47% of the survey participants have a plan to manage their savings and spending in retirement, but 79% said they have little or no concern about having enough money to live comfortably in their retirement years.

Researchers also asked participants about retirement housing preferences.

Although 86% of those surveyed said aging in their own homes would be their first choice, 72% said they might be interested in living in adult retirement communities if they needed day-to-day assistance, 50% said they might be interested in assisted living facilities, and 37% said they were interested or very interested in a basic life care system that, in exchange for a monthly fee, would provide whatever services were needed throughout the resident’s time at the facility.