A public-private approach to housing and care is imperative as the number of middle-income baby boomers over age 75 reaches 16 million in the next decade. That assessment comes from Caroline Pearson, project director for the groundbreaking Forgotten Middle study at National Opinion Research Center (NORC).
An update of the 2019 study released Wednesday estimated that 11 million middle-income seniors won’t be able to afford assisted living and won’t qualify for Medicaid-subsidized long-term care, possibly shifting more care to the home. Pearson told McKnight’s Home Care Daily Pulse the U.S. needs to develop policies now that allow middle-income seniors to tap public funding for housing and care.
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