The Center for Retirement Research has added long-term care expenses to its National Retirement Risk Index report. This data can help providers hone their business plans and marketing strategies.
The biannual research looks at the number of working Americans who may not be financially prepared to retire. By adding long-term care expenses to the index calculation, the percentage of those Americans at risk rose from 44 to 61 percent.
The National Retirement Risk Index uses a projection of how much income households are expected to have in retirement relative to their pre-retirement income, according to Alicia Munnell, who directed the research study.
The full report is available online.
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