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Money and Finances
Reply to "The insane cost of elder care"
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[quote=Anonymous][quote=Anonymous]I mean, the people on this board actually like everyone needs 15 years of round the clock care. Statistically that just isn’t true. The vast majority are under 24 months. [/quote] 1) You don't know which you will be, and couples are rolling the dice twice. And even two years of care x 2 currently equals 400k on average. 2) You don't know what the future will hold for all of us on average. How will medical advancements impact this? 3) We are a society that has not solved this problem that in any way seems remotely reasonable and are too politically divided to likely make progress any time soon. The current system has a not small chance of bankrupting one spouse even in households that have earned well and prudently saved over their lifetimes. [/quote]
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