25 Shocking retirement statistics

[clifp]

This M* article won't be that shocking to forum members but still pretty interesting.

I was personally surprised at the health care costs.

45: Percentage of Americans ages 40-64 who believe the government will pick up the tab for their long-term-care needs.
$2,000:Amount of countable assets to be eligible for Medicaid to cover long-term-care costs in most states.
70: Percentage of Americans over age 65 who will need some form of long-term-care services during their lifetimes.
$162,000: Average annual costs for private-room nursing home care in Manhattan in 2011.
$60,000: Average annual costs for private-room nursing home care in St. Louis in 2011.
2.4 years:Average length of stay in a long-term care facility.

 

[JPatrick]

This surprised me..Thought it would be more like 60%

72: Percentage of Social Security recipients who begin collecting benefits at age 62.