MONDAY, June 30, 2014 (HealthDay News) — With higher rates of illness but fewer adult children to care for them, many of America’s baby boom generation may find themselves unable to pay for the nursing home care they need, a new study warns.
Already, a growing number of older Americans are developing chronic diseases but can’t cover the costs of long-term care in a nursing facility, the U.S. National Institute on Aging-funded report says.
The statistics represent “an approaching crisis in caregiving,” Richard Suzman, director of the NIA’s Division of Behavioral and Social Research, said in an agency news release.
“Baby boomers had far fewer children than their parents. Combined with higher divorce rates and disrupted family structures, this will result in fewer family members to provide long-term care in the future,” Suzman explained. “This will become more serious as people live longer with conditions such as cancer, heart disease and Alzheimer’s.”