"According to the National Council on Aging, roughly 80% of households with adults age 60 and older lack the resources to cover long-term care costs or weather a financial emergency, exposing a widening longevity readiness gap."
"The homes people hope to age in are often unsuitable- with less than 5% of U.S. homes having basic accessibility features; and just 18% of older adults making modifications to support aging in place."
"Addressing this reality requires expanding retirement planning to include longevity preparedness, providing a holistic lens that aligns finances, health, housing, care, community, and social connections."
Americans are living longer, but many are unprepared for the challenges of aging. By 2026, the oldest baby boomers will turn 80, highlighting the need for effective systems to support aging at home. Currently, 80% of households with adults over 60 lack resources for long-term care. Most homes are unsuitable for aging, with only 5% having accessibility features. The 65+ population is expected to rise significantly, necessitating a shift in retirement planning to include longevity preparedness, integrating finances, health, housing, and community support.
Read at Fortune
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