Nearly half of high net-worth individuals say they have planned ahead for health care and long-term care costs in retirement, but only a small fraction, 18 percent, said their financial plan accounted for their parents’ long-term care costs.

In “Insights on Wealth and Worth,” a survey of 711 high net-worth individuals by U.S. Trust, only one-quarter of Baby Boomers and 16 percent of those over age 68 said they expected their parents to turn to them for financial assistance in the future, yet one-third of Generation X and 46 percent of Generation Y said they expect to provide financial assistance to their parents or in-laws at some point in their lives.

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