The majority of U.S. older adults want to age at home, but not many are sure if they have the necessary resources or caregiving to do so, according to a recent survey by Pew Research Center.
Pew conducted the survey Sept. 2-8, asking adults ages 65 and older about their ideal living situation.
Here’s what to know:
1. Sixty percent of respondents said they want to stay in their home and have someone care for them; however, only 9% said they knew they had a caregiver to lean on.
2. Most older adults who do not want to stay at home want to move into an assisted living facility (18%) or move in with a family member (11%). Only 1% of respondents want to move into a nursing home, and the remaining 8% prefer other arrangements.
3. Almost a third of older adults with upper incomes are more likely to want to move into assisted living, compared to those with middle incomes or lower incomes.
4. Of those who want to live at home with a caregiver, only 37% said it’s extremely or very likely to happen, compared to 18% who said it’s not likely to happen. Percentages were similar for people who want to move to assisted living.
5. Over half of older adults who want to move in with family said it is a likely reality, compared to 9% who said it’s not likely.
6. Only 21% of adults have long-term care insurance that would cover ongoing living assistance.
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