You are currently viewing Retirees, Get Ready to Need Long-Term Care. Here’s What to Know.

Demand and costs for care are rising at the same time that a labor shortage threatens to worsen. How can you plan for this need now?

Samir Shah is a forecaster — but he’s an expert on the U.S. long-term care industry, not the weather. Right now, he is seeing storm clouds gathering for the Americans who will need help with basic living needs in the years ahead.

“Demand is rising at the same point that supply is decreasing, and both are happening at a very rapid pace,” said Mr. Shah, chief executive of CareScout, a company that publishes an annual study on the cost of long-term care.

On the demand side of the equation is an aging population. In 2026, the oldest baby boomers will start turning 80, an age when the odds of needing care grow. The U.S. Census Bureau forecasts that the number of people 85 and older will nearly

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