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ELDER CARE: DON'T NEGLECT THE MIDDLE CLASS''Homes for seniors where the living is easier'' (Personal Business, July 6) focused on options for elderly people with ample financial resources. Most people have a net worth substantially below the $1 million required by the provider featured. According to a 1996 Census Bureau report, the median net worth of households with members 75 and over is $76,541. The challenge still to be tackled is to provide dependable, high-quality care for those elderly with an average net worth and income. How many of today's established players are rushing to offer choices to the median-net-worth elderly couple? With a combination of government reform, employer support, and entrepreneurial creativity, affordable elderly care choices can and must become a reality.
Elias P. Papasavvas
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Updated July 16, 1998 by bwwebmaster
Copyright 1998, by The McGraw-Hill Companies Inc. All rights reserved.
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