Northwestern Mutual's 2026 Planning & Progress Study finds a significant gap in long-term care preparedness, as most Americans face mounting financial strain and caregiver burnout without adequate planning.
The company is cited as the source of a major consumer study regarding long-term care financial planning trends.
A new Northwestern Mutual study reveals that while six in 10 Americans expect to require long-term care, the vast majority lack a formal financial strategy. The report highlights the growing burden on caregivers, who are increasingly forced to exhaust savings, increase working hours, or incur debt to manage these rising costs.
The study indicates that while a majority of Americans expect to need long-term care, there is a widespread lack of financial preparation, leading to significant economic strain on caregivers.