OUPblog: How will America pay for long-term care?
Roughly 80% of all older adults receiving long-term services and supports because of functional impairments obtain it from families and friends. Recent estimates of the value of those services indicate that services worth $450 billion were provided in 2009. Because families are getting smaller, the ratio of over 65 adults to those under 65 is growing and so there will be relatively fewer younger relatives to provide care to older adults in the coming decades.
