People are exposed to the possibility of depleting almost all their wealth, said Richard W. Johnson, director of the program on retirement policy at the Urban Institute.
Roughly 10,000 of them will turn 65 every day until 2030, expecting to live into their 80s and 90s as the price tag for long-term care explodes, outpacing inflation and reaching a half-trillion dollars a year, according to federal researchers.
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