According to the press release on Genworths website the study “found women were 60 percent more likely than men to enter a nursing home at some point in their lives. It also documented that women may experience large financial sacrifices in their roles as America's predominant unpaid care providers.”
Public Opinion Strategies conducted the study through national polling. Some of the other findings included:
- Estimates suggest there are around 23 million unpaid care providers in the U.S. Seven in ten are women.
- Nearly one in five unpaid caregivers (19 percent) in America provide "constant care" of at least 40 hours of care per week. Of those who provided constant care, 80 percent are women.
- Women 65 years or older today have a 44 percent chance of entering a nursing home at some point in their lives compared to 27 percent of men.
This appears to be a wake-up call to women in this country who are looking at the possibility of caring for a loved one. Purchasing Long Term Care insurance is an option to help alleviate some of the work necessary to take care of another person. These numbers also assume most women in the U.S. do not want to take care of their husband or other loved ones. Considering the amount of different cultures that now comprise the United State making that assumption is a dangerous one.
Comment Preview