10 years ago in the Journal

September 2002
Journal of Financial Planning;Sep2002, Vol. 15 Issue 9, p31
Academic Journal
This section looks at an article about the residents of nursing homes in the U.S., previously published in the October 1992 issue of the Journal of Financial Planning. The article argued that the commonly cited numbers from the medical community that 40 percent of people over age 65 will end up in a nursing home at some point, and that the average stay will be five years is a distortion of reality. The four-in-ten number is distorted by recidivism and stays are actually much shorter. The author said those most likely to enter homes are the very elderly and mentally deficient single men and women.


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