Baby Boomers Still Aren’t Buying Long-Term-Care Insurance

The elderly population – those aged 65 years or older – in the United States is expected to double from approximately 35 million to more than 70 million by 2030. With these staggering statistics, one might think a top priority would be to purchase long-term-care insurance, yet that does not seem to be the case. According to a new survey of California residents, few are willing to purchase long-term-care insurance even though they are well aware that they may face steep nursing-home and other long-term-care costs.For the full article, visit the Wall Street Journal.