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