As the fastest growing minority in the Unite States, Hispanics will likely face a long-term care challenge in their families. According to a November AARP article: “Challenges of Long Term Care, ” 18 million people over age 65 will be dealing with a disability by 2030, up 11 million in 2010. Also, the article highlights that by 2050, there will be three times as many people age 80 and older as in 2010. In addition, the Center for Medicare and Medicaid Services projects that 70% of all Americans over the age of 65 will require some type of long-term care services.
The 2010 U.S. census and other recent statistics show that Hispanics are the fastest growing minority in the U.S. But a recent LIMRA study, “Hispanics an untapped market for life insurance,” by Gillian Roberts, September 4, 2013, also shows that Hispanics are not saving enough for their future and are underinsured as well.