Seniors should prepare for long-term care need

• 44% — Percentage of pre-retirees who will be at risk of not having enough savings to maintain their current lifestyles once they retire excluding health care and long-term care costs.
• 64% — Percentage of pre-retirees who will be at risk of not having enough savings to maintain their current lifestyles once they retire including health care and long-term care costs.
• 24% — Probability a 65-year-old in 2010 will spend a year or more in a nursing home.*
• 75% — Percentage of long-term care policies that cover both nursing home care, and in-home care.**

Source: Center for Retirement Research
*Source: Congressional Budget Office
**Source: Brown and Finkelstein