NORTHAMPTON, Mass. (WWLP) - A new report says Americans are in denial about aging. Researchers say that many over the age of 40 don't want to think about getting old, and because of it, they are not planning ahead.
The U.S. Department of Health and Human Services says three quarters of those over the age of 65 will need some form of long term care. A recent Associated Press poll found, however, that two-thirds of those over the age of 40 are not planning for it.
Social Worker Michelle Dihlmann says many get stuck in what she calls the "sandwich generation." While they take care of their own parents and their children, it's difficult for them to think 20 or 30 years down the line.
"I think the transition mainly comes down to: are they prepared financially? And if they are not, how are they going to pay for that? Buying a long term care insurance for later on in life is one step," Dihlmann said.
She told 22News that planning ahead will help with out-of-pocket costs as Medicare doesn't pay for most long term care plans.
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