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flag Rising long-term care costs burden U.S. older adults, straining Gen Xers and millennials financially.

flag The growing older population in the U.S. is facing high long-term care costs, burdening younger generations like Gen Xers and millennials who often fund and provide care for their aging relatives. flag With Medicare not covering most long-term care, fewer than 15% of older Americans can afford such care without depleting their assets. flag This financial strain can lead to reduced retirement savings and increased debt for younger caregivers, potentially increasing Medicaid costs for taxpayers.

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