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☆ This top concern of U.S. retirees is a 'huge risk factor,' says retirement expert—here's how to plan for it
▼ + stars: | 2024-10-14 | by ( Ryan Ermey | ) www.cnbc.com time to read: +8 min

"Long-term care costs are completely outside of our health-care system. Medicaid is a needs-based health-care program, and eligibility requirements to receive long-term care under the program vary from state to state. "You might think about the average duration of long-term care along with the average costs to build a long-term care fund." Long-term care insuranceThe middle path involves buying insurance designed to help pay for long-term care. This can include long-term care insurance or whole life insurance with a long-term care rider.

Persons: Christine Benz, Morningstar, Spencer Look, CNBC's, SurveyMonkey, Yusuf Abugideiri, Yeske Buie, they'll, Gerika Espinosa, you'd Organizations: Medicare, Morningstar, Care Survey, Benz, Medicaid, Centers, Services, American, Aging, Administration for Community, American Association for, Care Insurance, CNBC Locations: U.S, Vienna , Virginia, Salt Lake City , Utah

☆ The No. 1 mistake people in their 50s make with their money, according to a CFP—and how to fix it
▼ + stars: | 2024-04-15 | by ( Annie Probert | ) www.cnbc.com time to read: +2 min

You might feel like your life, retirement savings and finances are set in stone at this age. But this mindset can be one of the biggest financial mistakes you make in your 50s, says Autumn Knutson, certified financial planner and founder of Styled Wealth. Here are three smart decisions to make with your money in your 50s, according to three certified financial planners. Secure long-term care insuranceAs you inch closer to retirement, your 50s are a good time to consider long-term care insurance, says Andrew Fincher, a CFP and financial advisor at VLP Financial Advisors. Separate from health insurance and Medicare, long-term care insurance covers expenses that often arise in your later years, such as assisted living care and at-home care.

Persons: —, Andrew Fincher, Fincher, Marguerita Cheng, Cheng Organizations: Financial, Blue Ocean, Fidelity Investments

☆ More Young People Are on Multiple Psychiatric Drugs, Study Finds
▼ + stars: | 2024-02-16 | by ( Matt Richtel | More About Matt Richtel | ) www.nytimes.com time to read: +3 min

The NewsGrowing numbers of children and adolescents are being prescribed multiple psychiatric drugs to take simultaneously, according to a new study in the state of Maryland. In this group, there was a 9.5 percent increase in the prevalence of “polypharmacy,” which the study defined as taking three or more different classes of psychiatric medications, including antidepressants, mood-stabilizing anticonvulsants, sedatives and drugs for A.D.H.D. Mental health experts said that psychotropic medications can prove very helpful and that doctors have discretion to prescribe what they see fit. And it is unclear how the simultaneous use of multiple psychotropic medications affects brain development long-term. The NumbersThe latest study looked at data from 126,972 people over the study period.

Organizations: Medical, Survey Locations: Maryland, United States

☆ Boomers Haven't Saved Enough for Retirement; Gen Z Will Have to Pay
▼ + stars: | 2024-01-10 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +11 min

According to Census Bureau data, 44% of boomers are at retirement age and millions more are soon to join them. And since younger boomers are less financially prepared for retirement than their older boomer siblings, the problem is bound to get worse. AdvertisementAs boomers continue to age out of the workforce, it's going to put strain on the healthcare system, government programs, and the economy. Not all boomers are richIt's undeniable that some boomers will enjoy a cushy retirement. The median retirement account for that age group has only $200,000 — meaning that half of 65- to 74-year-olds have even less saved up.

Persons: —, it's, Rita Choula, Stevie Kuenn, Kuenn, Choula, Caregiving, Gen Organizations: Federal, AARP, Institute, Consumer Finances, Social Security, National Council, Medicare, Pew, National Alliance, American Health Care Association, Department of Homeland Security Locations: —, Chicago, Ohio, America

☆ More kids are anxious but fewer get the right help, study shows
▼ + stars: | 2023-06-07 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

CNN —More kids, teens and young adults are experiencing anxiety — but fewer are getting the appropriate treatment, according to the latest research. “The burden for treating mental health conditions among young kids is growing,” Chavez said. How to make sure your family gets the right helpWhile there is a larger problem of resources and availability when it comes to mental health care, there are things families can do to get help. Don’t write off chronically anxious behavior as shyness and instead seek out a mental health professional for an evaluation, she said. Families can also find help getting care and resources in the meantime at onoursleeves.org, she added.

Persons: CNN —, Laura Chavez, ” Chavez, Lata McGinn, McGinn, they’re, ” McGinn, Dr, Ariana Hoet, Hoet, ” Hoet, Chavez, “, Don’t Organizations: CNN, Medical, Survey, American Academy of Pediatrics, Pediatrics, US National Center for Health Statistics, Center for Child Health Equity, Research, Nationwide Children’s Hospital, Yeshiva University, Cognitive, Behavioral Consultants Locations: United States, Columbus , Ohio, New York City, White Plains , New York, onoursleeves.org

☆ Emergency Room Visits Have Risen Sharply for Young People in Mental Distress, Study Finds
▼ + stars: | 2023-05-01 | by ( Matt Richtel | ) www.nytimes.com time to read: +1 min

The NewsMental health-related visits to emergency rooms by children, teenagers and young adults soared from 2011 to 2020, according to a report published on Monday in the Journal of the American Medical Association. The sharpest increase was for suicide-related visits, which rose fivefold. The research, drawn from data from the National Hospital Ambulatory Medical Care Survey, looked at the annual number of mental health-related E.R. The number of visits rose for many conditions, including mood and behavioral disorders, substance use and psychosis. But the increase in suicide-related issues was most pronounced, increasing to 4.2 percent of all pediatric emergency room visits in 2020 from 0.9 percent in 2011.

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