Medicaid covers the cost of nursing homes, and it's not necessarily an advantage to have money saved just for that, because they'll just take the money anyway. Some people try to give away their assets to their families beforehand so that Medicaid will cover the costs, which is a legal no-no.
> Just because it’s possible
This is an understatement, when the subject is how 99% of the people live.
Of course it can be great to be in the top 1%, but it's not "unreasonable" to be outside the top 1%.
Medicaid covers the cost of nursing homes, and it's not necessarily an advantage to have money saved just for that, because they'll just take the money anyway. Some people try to give away their assets to their families beforehand so that Medicaid will cover the costs, which is a legal no-no.
> Just because it’s possible
This is an understatement, when the subject is how 99% of the people live.
Of course it can be great to be in the top 1%, but it's not "unreasonable" to be outside the top 1%.