Struggles predicted for middle-income older adults

Looking ahead, a new NORC analysis updating the original "Forgotten Middle" study finds that there will be 16 million middle-income older adults (75+) in 2033, many of whom will struggle to pay for the health, personal care, and housing services that they will need. For example, excluding home equity, nearly three-quarters of middle-income older adults in 2033 will have insufficient financial resources to pay for assisted living if they need and want it. Even with home equity, nearly 40% will not be able to afford assisted living. This could have an impact on all levels of senior living.