Study: Hispanics Say They Are Unprepared to Care for Aging Family Members
Many older Hispanics expect to provide care for an aging family member or friend within the next five years, although few say they are prepared to do so, according to a new studyLink Icon from the Associated Press-NORC Center for Public Affairs Research.
Other survey results show that 74 percent of Hispanics age 40 and older would like to receive living assistance in their own homes, but just 26 percent would prefer for a loved one needing care to stay home to receive care.
Confidence in this group’s ability to pay for long-term care is low, but rising at 33 percent in 2016, up from 23 percent in 2015.
Nearly four in 10 expect to rely on Medicare to support the care they need as they grow older, although Medicare does not pay for most long-term care services.
40 percent are currently providing care or have done so in the past and four in 10 have had to miss work to provide the care.
The U.S. Census Bureau estimates that the nation’s Hispanic population will more than double by 2060, and Hispanics 65 and older are likely to make up 21 percent of Americans in that age group.
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