Boomers Take Care

Here's some comforting family news: Nine in 10 baby boomers who expect to be caregivers say they would be willing to make significant lifestyle changes in order to care for a family member or loved one. That's according to a new study from the Bankers Life Center for a Secure Retirement.

Study participants said they would be willing to do these things to provide care for a loved one:

• Reduce spending: 66 percent
• Travel less: 41 percent
• Move to a new home: 27 percent
• Work less: 27 percent
• Stop working altogether: 19 percent

The study also found that 45 percent of boomers believed they would need long-term care at some point, up from 36 percent in 2013. Sixty-six percent reported that they had had detailed conversations about how they wanted to receive long-term care, and 55 percent had had detailed conversations about how to pay for care.