What’s New?
The MetLife Study of Working Caregivers and Employer Health Care Costs
Employees in the U.S. who are caring for an older relative are more likely to report health problems like depression, diabetes, hypertension or heart disease, costing employers an estimated average additional health care cost of 8% per year, or $13.4 billion annually.
Recent Press Releases
2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services and Home Care Costs
Price rollbacks throughout the U.S. economy during the past year did not apply to long-term care service providers, according to the 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs. Private room nursing home rates rose 3.3% to $219 per day or $79,935 per year, while assisted living also rose 3.3% on average to $3,131 per month. Home health care aides now cost an average of $21 per hour, a 5% increase; adult day services run $67 per day, a 4.7% increase.
Long-Term Care IQ and Quiz
This survey, taken by 1,021 individuals aged 40 to 70 in 2009, compared responses with a similar 2004 study. The results reveal that most are not taking appropriate steps to protect themselves from potentially catastrophic expenses. Most know what long-term care is and how much it costs, but their scores fall short regarding how many people will need it and how they will pay for it.
Buddy Can You Spare a Job
A new study from the MetLife Mature Market Institute reports that many Americans over the age of 55 plan to work at least until age 69, but that most who look for a job face challenges in finding one. Yet, Department of Labor projections indicate that the 55+ population will account for almost 93% of the net increase in the U.S. Civilian Labor Force between 2006–2016.
More MMI Press Releases
| September 29, 2009 | Long-Term Care IQ: Removing Myths, Reinforcing Realities |
| September 15, 2009 | 55+ Housing: Builders, Buyers and Beyond |
| July 14, 2009 | Grandparents: Generous with Money, Not with Advice |
| June 22, 2009 | Tapping Home Equity in Retirement: The MetLife Study on the Changing Role of Home Equity and Reverse Mortgages |
| May 6, 2009 | Discovering What Matters: Your Guide to the Good Life |
| April 21, 2009 | Engaging the 21st Century Multi-Generational Workforce |
| March 17, 2009 | Broken Trust: Elders, Family, and Finance |
| January 13, 2009 | Discovering What Matters: Balancing Money, Medicine and Meaning |
| November 20, 2008 | Boomers: The Next 20 Years, Ecologies of Risk |
| October 28, 2008 | 2008 MetLife Market Survey of Nursing Home and Assisted Living Costs Survey |
| September 30, 2008 | MetLife Adult Day Services and Home Care Costs Survey |
| September 10, 2008 | Feeling the Pinch: A MetLife QuickPOLL of American 60+ |
| June 25, 2008 | MetLife Retirement Income IQ Study |
| April 25, 2008 | Family Matters: Retirement Preparation Tips for Different Family Types |
| December 27, 2007 | Boomers Ready to Launch |
| December 11, 2007 | Since You Care: Hiring an Independent Caregiver |
| November 14, 2007 | Searching for the Silver Bullet: Leading Edge Solutions for Leveraging an Aging |
| October 30, 2007 | MetLife Market Survey of Nursing Home and Assisted Living Costs 2007 |
| September 26, 2007 | MetLife Market Survey of Adult Day Services and Home Care Costs 2007 |
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Media Contacts
Shalana Morris
212-578-1115
snmorris@metlife.com
Joseph Madden
212-578-3021
jmadden@metlife.com
10 Years of the MMI
The MetLife Mature Market Institute celebrates 10 years of providing groundbreaking research on aging, caregiving, long-term care and retirement.
Download the Top Ten in Ten (PDF, 4.3mb)