Older Californians may have trouble paying for housing and care in the next decade
More than one-third of older adults worry about paying for health care and long-term care. Middle-income older adults, coined the “forgotten middle,” are in the particularly precarious position of being ineligible for Medicaid assistance, yet still have difficulty affording out-of-pocket costs.
A new analysis from NORC at the University of Chicago looks at California’s middle-income, older adult population and forecasts that the state will have 1.6 million middle-income older adults (age 75 and older) in 2033, nearly half of which will be people of color. Findings show that half will struggle to pay for housing and care, even if those who own sell their homes.
Earlier this week, TSF, West Health, Insure the Uninsured Project (ITUP), and expert guests discussed the challenges facing older Californians, the relationship of these findings to longstanding inequities, and potential policy opportunities. View the recording.