Docuticker » Blog Archive » Perceptions of Long-term Care and the Economic Recession

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Key findings include the following:

• In 2008, most respondents (42%) said that if they required LTC, they expected to live at home and have an aide for a few hours each day. This proportion increased slightly (49%) in 2009 as a result of the economic downturn.
• In 2008, 29% said they never thought about or did not know where they would receive LTC services; in 2009, this figure dropped to 22%.
• About half of respondents (51%) said they feel very or fairly prepared to financially deal with a situation in which they would suddenly require LTC for an indefinite period of time, while more than four in ten said they are not very (18%) or not at all prepared (25%).
• Older respondents (age 65+) and those with higher incomes (over $25,000 annually) were more likely to say they feel financially prepared for LTC than their counterparts.
• Men were more likely than women to say they never thought about or did not know where they would receive LTC services (in 2008, 36% versus 23%; in 2009, 27% versus 18%).

+ Full Report (PDF; 292 KB)

Docuticker » Blog Archive » Perceptions of Long-term Care and the Economic Recession