Stats: 80% of older Americans can't withstand a financial shock
A recent analysis by the National Council on Aging (NCOA) and the LeadingAge LTSS Center @ UMass Boston found that 80% of older Americans (47 million) continue to be unable to sustain a financial shock such as needing to pay for long-term care services and supports (LTSS) or the loss of income due to divorce or widowhood. This has implications for active-aging organizations looking for new customers, as the report suggests that middle-class older adults are at risk.
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