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196 Don’t Make Me Say I Told You So
Long-Term Care for Baby Boomers
17%
ONLY
of baby boomers have
planned for LTC needs
7 out of 10 The average total cost of long-term
people will need long term care services is approximately
$200,000
care after the age of 65
Source: Nationwide and U.S. Department of Health and Human Service, 2018
The Costs
Let’s look at the cost of the three most common types of long-
term care.
Assisted-Living
Assisted-living facilities offer services ranging from meals
provided three times a day to full assistance with the activities of
Chapter 5: Things That Can Wreck Your Retirement
