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November 13, 2012 at 08:45 AM
U.S. women may be a little more nervous than U.S. men about their level of knowledge of long-term care (LTC) planning basics — and rightly so.
Marketing specialists at Northwestern Mutual have compared male and female LTC planning literacy in an analysis of data from a recent survey of 2,516 American adults ages 18 and older
Men were more likely to say they felt as if they were prepared to cover their expenses if they lived to a ripe old age.
Northwestern Mutual found, for example, that 33 percent of the men surveyed said they were prepared financially to live until age 95. Only 24 percent of the women said they felt as if their financial preparations would keep them going until they were 95.
Forty-seven percent of the men said they were saving for future LTC needs, compared with just 37 percent of the women.
