Researchers, Stephanie Moulton, Caezilia Loibl, and Donald Haurin, from The Ohio State University shared study background and findings for their research on “Debt Stress and Mortgage Borrowing in Older Age: Implications for Economic Security in Retirement”, which was funded through the Social Security Administration’s Retirement and Disability Research Consortium.
One in three 65-year-olds will require long term care at some point in their lives. Medicaid currently covers nursing home expenses for 6 out of 10 residents. Not all those who require care need enough help to justify moving into a nursing home, but in many states Medicaid will not pay for care received at home. In these states, moving into a nursing home is the only way to get help paying for care.
Senior Research Scientist & Research Assistant Professor
Center for Urban Science & Progress
New York University
This Summer ’19 Newsletter includes articles by new CFS colleague, Susan Taylor, who joins us after working for over four years as a CFPB Financial Coach; updates on training opportunities and resources; and new work being done by the National Disability Institute with their Empowered Cities Initiative.