Census projections are by the year 2025, 20% of the population will be over the age of 65. 60% of those age 65 and older will require long term care during their lifetime. Seven out of ten couples can expect at least one partner to require long term care after age 65.
In the past, parents took care of children and children took care of parents when they became elderly. With changing family structure this is seldom a feasible solution in todays world. family care givers often, lack the medical expertise needed. Have other demands on their time and parents don't want to put children under the physical and emotional demands of custodial care. The emotional strain placed on loved ones often out weighs the financial burden.