Gen Xers and millennials aren't ready for the long-term care crisis their boomer parents are facing

Privately-provided long-term care — including assisted living and home healthcare — is largely out of reach for the broad middle class.

Getty Images

• The growing population of older Americans is facing unaffordable long-term care.
• These costs will also burden many younger people caring for older relatives and kin.
• Government incentives and public insurance could help address care affordability, experts say.

As the population of older Americans balloons, the financial costs associated with aging are, too.