The cost of long-term care keeps going up, and it's a growing problem for Americans of all ages

Eldercare costs have skyrocketed over the last three decades, leaving millions of Americans unprepared to cover expenses like nursing homes and assisted living. The financial strain is depleting family resources, forcing some families to quit jobs or use home equity to pay for care. These escalating costs are worsened by a critical shortage of caregivers due to factors such as pandemic-related exodus and immigration restrictions.