SPECIAL - Dec - Retirement Fund for Religious Workers

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Description

Across the United States, hundreds of religious communities lack financial resources sufficient to meet the retirement and health-care needs of aging members.

Like many Americans, religious communities face the monumental challenge of funding eldercare. Currently, the average annual cost of care for women and men religious past age 70 is $47,000 per person. Skilled care can reach more than $69,000. The total cost of care for senior women and men religious in the United States has exceeded $1 billion annually for each of the last 11 years.