/PRNewswire/ As America s population ages, and long-term care costs continue to rise amid sticky inflation, some Americans are paying a sharp financial.
One-quarter respondents who self-reported said that they currently own long-term care insurance (LTCI) for themselves. But according to industry data, only 15% of Americans have purchased LTCI.
Pandemic adding to the physical and financial stress facing many Black caregivers
Nationwide Retirement Institute® survey highlights the challenges Black caregivers overcome during COVID-19
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COLUMBUS, Ohio, Feb. 11, 2021 /PRNewswire/ While the risk of COVID-19 poses the greatest threat to the elderly, it s also taking a toll on the people they rely on most: their caregivers. This is particularly true in the Black community, where the pandemic presents new sources of stress, both physically and financially.
A new Nationwide Retirement Institute® survey of 313 Black caregivers commissioned in September 2020 reveals the toll the pandemic has taken on those providing care. Many current caregivers are worried that they can t protect their loved one from getting sick (67%) and among all caregivers, more than half feel that they can t take a day off (54%).