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Long-term care fraught with uncertainties for elderly baby boomers
Date:7/9/2008

becoming more home-like and less like an institution; in short, more like assisted living facilities, he said.

Low savings rates and falling home equity raise the question of whether fewer baby boomers will be able to afford assisted living compared with their parents' generation, Golant said. The average one-year base price is close to $36,000, not including the additional supervision required with Alzheimer's disease and more serious medical conditions, he said.

"Assisted living is here to stay and is now very much part of the ordinary consumer's lexicon," he said. "But its rate of growth and the number and share of older boomers who will choose this long-term care option in the future is very uncertain."

Frank Caro, senior fellow in the Gerontology Institute at the University of Massachusetts in Boston and editor of the Journal of Aging and Social Policy, praised the book as "essential reading for everyone with a stake in the future of assisted living in the United States."


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Contact: Stephen Golant
golant@geog.ufl.edu
352-392-0494
University of Florida
Source:Eurekalert

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