Long-term care costs surge 50%, forcing Americans to drain savings before Medicaid

Seniors are forced to deplete retirement savings and live on Social Security alone, while family caregivers work unsustainable dual roles, creating widespread financial and physical hardship.

Across America, the final chapter of a working life is increasingly written in the language of depletion — savings emptied, dignity tested, and family bonds stretched to their limits by the surging cost of long-term care. A nearly fifty percent rise in care costs over five years has exposed a quiet catastrophe: millions of middle-class retirees who did everything right now find themselves spending down to poverty before a safety net will catch them. The Sternfelds of New York are one family among countless others navigating a system that, as Ken Sternfeld puts it, seems designed to outlast the

Long-term care costs surge 50%, forcing Americans to drain savings before Medicaid

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