Older people without adequate retirement savings will have trouble just making ends meet. Many will need long- term care, but few seniors will be able to afford it. As a result, they will have to rely on their families for support. This will put a strain on working families, who are already struggling to cope with stagnant wages, rising living costs, and the lingering effects of the Great Recession. It will also make it more difficult for younger family members to save for their own retirement. In addition to the strain on families, the retirement crisis will have.
