They may want to stay out of assisted care facilities, but late life decline makes independent living difficult to impossible for many.
They may try to put it off as long as possible, but it will catch up to them. And then it does not take long for the costs to consume their would-be estate.
And the irony is that it's the system their generation built for their parents.
Re:A global house-price slump is coming
by ncallaway on Friday October 21, 2022 @07:55PM
(#33294193)
Keep in mind that the life expectancy for a 70 year old is often a bigger number than the average life expectancy.
For example in the US a male has a life expectancy of 76.22 (https://www.ssa.gov/oact/STATS/table4c6.html), but a 70 year old male has a life expectancy of 84.59 years.
But that doesn't take away from your main point about people wanting to avoid that situation.
Also, the grim reality is that you have to live long enough to need assisted living. A life expectancy of 78 sounds good on paper, but by the time you get to your late 60s and early 70s people in your age bracket are dropping pretty quickly.