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Branch, Laurence G.; And Others – Gerontologist, 1988
Estimated impoverishment risk for two samples of community-living elderly (N=900+). Found that for elders over age 75, 46 percent of those living alone and 2 percent of couples would spend lifetime assets and current income, becoming impoverished in 13 weeks if institutionalized in skilled nursing facility. Rates were comparable for elders over…
Descriptors: Financial Problems, Health Care Costs, Nursing Homes, Older Adults