Anyone who pays attention to the news no doubt hears or reads countless stories about the various types of abuse that are rampant in our society: child abuse, domestic abuse, sexual abuse, and animal abuse, to name a few. However, there is one type of abuse that is becoming more and more prevalent but receives little media coverage: elder abuse.
Long-term care is expensive, and Americans can’t expect Medicare to pay for it. Given this, Medicaid has, unfortunately, become the long-term-care insurance of the middle class, with some people wiping out their savings and then relying on Medicaid for assistance in paying for their nursing-home stays.
In our last blog, we took a look at our increasing life expectancy and offered steps so you don’t outlive your money. Today we will take a look at how our longer lives affect not just our immediate family but multiple generations.