Projectionsput the average annual assisted living and medical expenses cost in10 years at $62,000, meaning that a majority of the middle-incomeseniors then will not be able to afford an assisted livingfacility. (Photo: Shutterstock)
In 10 years, more than half of middle-income Americans age 75 orolder will not be able to afford to pay for yearly assisted livingrent or medical expenses, according to a studypublished Wednesday in Health Affairs.
The researchers used demographic and income data to projectestimates of a portion of the senior population, those who will be75 or older in 2029, with a focus on those in the middle-incomerange — currently $25,001 to $74,298 per year for those ages 75 to84.
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