💸🏠Money Wahala dey Increase for Old People Care
⬇️ Pidgin ⬇️ ⬇️ Black American Slang ⬇️ English
Una sabi, as people dey grow old, di care wey dem need dey become kasala wey dey chop money like say tomorrow no dey. For place like di United States, e be like say dem no get beta plan for how to take care of their old pipo. Dis one dey cause gbege for many families wey dey try make sure say their old ones live life well-well.
Make I yarn una about Margaret Newcomb, wey be 69 years old retired French teacher. She dey try helep her husband wey be 82 years old and get serious dementia. She dey do all dis for their house for Seattle, to make sure say di small money wey dem get for retirement no just vanish like smoke. 🏠
Den we get Feylyn Lewis, wey be 35 years old. She gats drop her career for England come back Nashville because her mama get stroke. Dis one come cause dem to enter debt wey reach like $15,000. 💸
No be only dem o! Sheila Littleton, wey be 30 years, carry her grandpapa wey get dementia go live for her house for Houston. She try well-well to find nursing home wey go take Medicaid, but na mission impossible. At di end, she gats leave am for psychiatric hospital make di system fit help.
Dis kind wahala dey face millions of families. Cost of care for house, assisted-living facilities, and nursing homes dey eat deep into di savings and income of plenty old Americans and their pikins. Richard W. Johnson, wey be director for program on retirement policy at di Urban Institute talk say, “People dey risk to use almost all their wealth.”
As we dey look am, by 2050, di number of Americans wey be 65 years and above go increase pass 50 percent, reach like 86 million. And di ones wey be 85 years or older go nearly triple, reach 19 million. 📈
Di wahala wey dey ground be say, di United States no get strong system for long-term care. Na mostly patchwork. Di private market where small number of families dey buy long-term care insurance don shrink, as insurers no calculate well how much care people go really need. And labor shortage dey make am hard for families to find workers wey go fit take care of their old ones for house. Di cost for one spot for assisted-living facility don high pass wetin most middle-class Americans fit afford. Dem go need to finish their money before dem fit qualify for nursing home care wey government go pay for.
So, e dey clear say dis matter serious. Families need more support and better options for taking care of their old ones. As things dey go now, na heavy load dey for dia head.”
NOW IN BLACK AMERICAN SLANG
Skyrocketing Financial Struggles in Elder Care
Alright, let’s get into this real talk about the elder care situation. It’s getting real out here, especially in the U.S., where it seems like there ain’t no solid plan for our seniors. This whole scenario is putting mad pressure on a lot of families trying to make sure their elders are living their best in their golden years.
Let’s look at Margaret Newcomb’s story. She’s 69, a retired French teacher, and is all in caring for her 82-year-old husband with serious dementia, right at their spot in Seattle. She’s trying to hold onto their retirement funds while doing this. 🏠
Then you’ve got Feylyn Lewis, 35 years young. She had to leave her rising career in England and head back to Nashville ’cause her mom had a stroke. This whole situation racked up a debt of about $15,000. 💸
But wait, there’s more. Like Sheila Littleton, 30, who brought her granddad with dementia into her crib in Houston. She hustled hard to find him a Medicaid-friendly nursing home but ended up leaving him at a psychiatric hospital to get some attention from the system.
We’re talking millions of families dealing with these tough choices, staring down the barrel of financial ruin as the costs for in-home care, assisted living, and nursing homes are eating up the savings and income of many older folks and their kids. Richard W. Johnson from the Urban Institute breaks it down: “People are at risk of using up almost all their wealth.”
Fast forward to 2050, and the number of Americans 65 and older is projected to jump over 50 percent to about 86 million. Those 85 and older? They’re about to triple to 19 million. 📈
Here’s the real deal: the U.S. doesn’t have a solid long-term care system. It’s mostly just a bunch of makeshift solutions. The market for long-term care insurance has shrunk, as insurers didn’t really get how much care people would need. Plus, finding workers for in-home care is tough with the labor shortages. And the cost for a spot in an assisted living facility? It’s sky-high, way out of reach for most middle-class folks, who have to burn through their cash to qualify for government-paid nursing home care.
So yeah, it’s clear – this issue is deep. Families need more backing and better choices for taking care of their elders, ’cause right now, they’re carrying a heavy load.”
NOW IN ENGLISH
Financial Troubles Soar for Elderly Care
Let’s talk about a growing concern: the rising cost of elderly care, especially in places like the United States, where there seems to be no solid plan for managing the care of the elderly. This situation is causing major issues for many families who are striving to ensure their elders live comfortably.
Take the case of Margaret Newcomb, a 69-year-old retired French teacher. She’s dedicated to caring for her 82-year-old husband who suffers from severe dementia, right in their Seattle home. She’s doing this to safeguard the modest retirement savings they have. 🏠
Then there’s Feylyn Lewis, 35, who had to abandon her promising career in England to return to Nashville after her mother suffered a debilitating stroke. This led to them incurring about $15,000 in medical and credit card debt. 💸
And it’s not just them. Consider Sheila Littleton, 30, who brought her grandfather with dementia to live in her family home in Houston. She struggled to find a Medicaid-compatible nursing home, eventually leaving him at a psychiatric hospital to get the system’s attention.
Millions of families are facing these tough life decisions, risking financial ruin as the costs for in-home care, assisted living facilities, and nursing homes consume the savings and incomes of many elderly Americans and their children. Richard W. Johnson, director of the program on retirement policy at the Urban Institute, notes, “People are exposed to the risk of depleting almost all their wealth.”
By 2050, the number of Americans aged 65 and older is expected to increase by over 50 percent to 86 million, with those aged 85 or older nearly tripling to 19 million. 📈
The challenge lies in the fact that the United States lacks a coherent system for long-term care. It’s mostly a patchwork setup. The private market for long-term care insurance has dwindled as insurers underestimated the actual care needs. Labor shortages have also made it difficult for families to find in-home care workers. The cost of assisted living facilities has risen beyond what most middle-class Americans can afford, forcing them to deplete their assets to qualify for government-paid nursing home care.
Clearly, this issue is significant. Families need more support and better options to care for their elderly, as they currently face a substantial burden.”
