Thursday, September 27, 2018

Most Affluent Seniors Want to Age In Place Including Relying on and Compensating Family For Long Term Care

McKnight's Long Term Care News, reports the results of a new survey of wealthy seniors which suggests that many of nursing homes’ potential residents would prefer to receive long-term care at home, and would be willing to pay their own family members for it.

The Harris Poll, conducted on behalf of the Nationwide Retirement Institute, conducted a survey that gathered responses of more than 1,000 U.S. adults, age 50 or older, with an annual household income of $150,000 or more.  The survey found that about seventy-one percent (71%) of seniors would prefer to rely on a family member for long-term care. More, seventy percent (70%) of those surveyed would not expect that help, unless they were able to pay relatives.

Only one percent (1%) stated that they preferred to receive skilled care in a nursing home. The majority of respondents (56%) said that they “would rather die” than live in a nursing home, and just less than half of the respondents (47%) said they worry about becoming a burden to their families.  Reasons for those worries included loss of control of their lives (68%), detachment from the community (32%) and seeing family less often (30%).

The overwhelming majority of respondents (77%) said, if needed, they’d most prefer to receive long-term care at home.  

More details from the seventh annual survey can be found on Nationwide’s website here.

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