New Genworth Study Reveals Americans in State of Financial Planning Inertia and Are Unprepared for Long Term Care, Impact to Women Far Greater
[PR Newswire] – According to the “2011 Financial Reality Check Study” conducted by Genworth, 75 percent of Americans have never had a conversation about long term care with their loved ones. However, 70% would not know what to do if a family member were to require immediate long term care assistance; an alarming statistic considering that 6 out of 10 people will need long term care sometime during their lifetimes.
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