In 1994, 7.3 million Americans needed long term care services. The average cost then was $43,800 per year.
By 2000, this number rose to 9 million Americans. The average cost was $55,750 per year.
Currently the cost is $77,000 per year.
By 2020, 12 million Americans will need long-term care.
By 2030 23+ million Americans will need long term care services. And the cost will average $300,000 annually per individual!