If you needed long-term care, could you afford it?
For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not.
Nursing homes charge somewhere around US$100,000 a year[1], while frequent visits from a paid caregiver may set you back more than $5,000 a month[2]. With long-term care so expensive for growing numbers of older Americans, and the federal government...