Worker confidence in having enough money to pay for long-term care (LTC) expenses in retirement seems to be rising and falling along with the overall health of the economy.
The U.S. economy seemed a little stronger in 2011 than in 2010, and a little weaker earlier this year than around the same time last year. LTC confidence levels have been moving roughly in sync with overall economic confidence levels.
Analysts at the Employee Benefit Research Institute (EBRI), Washington, have published LTC funding confidence data in their latest annual retirement confidence survey report.
EBRI conducts the survey together with Mathew Greenwald & Associates Inc., Washington, and support from many organizations with an interest in aging, including more than a dozen life insurers, benefits consulting firms, and financial services companies that have life underwriting or sales operations.
For the latest survey, the survey team polled 1,262 U.S. adults over the telephone in January. The sample included 1,003 workers and 259 retirees. All participants were ages 25 and older.