Study finds increases in nursing home, assisted living costs
By Eileen Alt Powell
AP Business Writer

NEW YORK(AP) Costs for nursing homes, assisted living facilities and some in-home care services have increased for a fifth consecutive year, and could rise further if a shortage of long-term care workers isn't resolved, a new study indicates.

The survey by Genworth Financial Inc., released Tuesday, comes as baby boomers are approaching retirement amid worries that they haven't saved enough to cover day-to-day expenses as well as long-term medical care costs.

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