How Many Seniors REALLY End Up In Nursing Homes?

As the baby boom generation ages, and many are considering whether they will need to have long-term care insurance, one of the first questions asked is “what are the odds that I will end up in a nursing home? Another is “what percentage of today’s elderly need this type of care?”

According to the U.S. Bureau of the Census, slightly over 5 percent of the 65+ population occupy nursing homes, congregate care, assisted living, and board-and-care homes, and about 4.2 percent are in nursing homes at any given time. The rate of nursing home use increases with age from 1.4 percent of the young-old to 24.5 percent of the oldest-old. Almost 50 percent of those 95 and older live in nursing homes. Read the full article here…

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Posted in Housing, Weekly Round-Up.

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