Overall, Americans did not do well on a survey of their long-term care knowledge, according to results gathered by the MetLife Mature Market Institute. Most know what long-term care is and how much it costs, but their scores fall short regarding how many people will need it and how they will pay for it.
The MetLife Long-Term Care IQ Survey, taken by 1,021 individuals aged 40 to 70 in 2009, compared results with a similar 2004 study. The respondents’ overall score was 52%, unchanged since 2004; and only 21% scored 70% or higher. The study reveals that most are not taking appropriate steps to protect themselves from potentially catastrophic expenses. Read the article at Long Term Living News.