Gen Xers and millennials aren't ready for the long-term care crisis their boomer parents are facing

"The bigger issue is you can create almost a cycle of poverty... The costs are borne communally." - Marc Cohen, University of Massachusetts Boston.

"The demand for these services is expected to rise sharply - putting upward pressure on costs... Fewer than 15% of people 75 and over living alone can afford care."

"Many younger people end up leaving their jobs or working less in order to care for their aging family members - and that sacrifice can hurt them financially."

Read at Business Insider