Faculty Publications

Title

Changing Family Caregiver Dynamics Ramp Up the Importance of Long-Term Care Planning

Document Type

Article

Publication Date

7-28-2014

Abstract

When planning for retirement, clients often list long-term care as a primary concern. However, very few people have well defined plans for dealing with related expenses. Instead, most people rely upon family members to provide long-term care, with roughly 70% of services coming in the form of informal care provided by relatives. According to a new AARP Study, The Aging of the Baby Boom and the Growing Care Gap, the ratio of potential family caregivers to high-risk people in their 80s will decline from 7 to 1 in 2010 down to 4 to 1 in 2030, and is expected to decline to just 3 to 1 in 2050.