Last week a new national poll on long-term care in the 2008 elections was released. Commissioned by Genworth Financial, the fieldwork was done by Public Opinion Strategies and the Mellman Group it included this little gem…
– Nearly 7 in 10 Americans have not made any plans for their own, a spouse’s or another relative’s long-term care needs. Yet, over half of those surveyed have had a loved one who needed a form of long-term care.
Nicole and Tom are likely to be able to pay out of pocket for whatever kind of long-term care they, or the people they love, might need. Rolling in the bucks does not and can not, however, gurantee a life worth living. (Anyone seen Howard Hughes around lately?)
If you are reading this blog then you are very unlikely to be a multi-millionaire, international star of stage and screen.
The wealth that flesh and blood human beings need to need to live into advanced old age (or with a chronic disabling illness or injury) and retain personal dignity and autonomy must come in two forms…
1) Financial Capital. You know, the bacon (as in “bring home”), bread, dough, cabbage, lettuce, kale, folding green, long green, mazuma, moolah, oscar, pap, plaster, rivets, scratch, spondulicks, bone, buck, bullet, case note, clam, coconut, frogskin, lizard, peso, rock, scrip, simoleon, denaro, folding dead presidents– cash.
2) Social Capital. This is one creative approach to the generation and investment of social capital.
Both kinds of wealth are necessary and neither is sufficient.