Fixed - thanks.

That’s sorta the point, and the problem. There’s a dependency ratio problem brewing: there are simply not enough working-age people to care for the old people who will need care. No amount of financial instruments can paper over this reality - they will just go bankrupt (eg insurance policies, social security) or steadily drop in value relative to the cost of care (401ks and other financial instruments) until the price of LTC equilibrates to actual capacity. Anyone not in the percentile that actually has eldercare capacity will simply have to go without, much like the price of housing has risen to shut out Millennials that are not in the income percentile needed to get one of the few scarce houses for sale.

Most people won't need it for long and so the risks average out to a more reasonable cost. However it is still thousands and people buy cheap not best coverage when they need it so that is what the market provides.

Seems like a nasty interpretation to assume a grandfather is other people and make it a straw man argument..

We could just as well ask:

Are you volunteering yourself and your children for 30 years hooked up to tubes with partially effective pain medication?

> retirement has existed really since humans lived past their 40s

We've always lived past our 40s. We just stopped having a bunch of people die in childhood (or birthing children).

https://www.bbc.com/future/article/20181002-how-long-did-anc...

"If one’s thirties were a decrepit old age, ancient writers and politicians don’t seem to have got the message. In the early 7th Century BC, the Greek poet Hesiod wrote that a man should marry “when you are not much less than 30, and not much more”. Meanwhile, ancient Rome’s ‘cursus honorum’ – the sequence of political offices that an ambitious young man would undertake – didn’t even allow a young man to stand for his first office, that of quaestor, until the age of 30 (under Emperor Augustus, this was later lowered to 25; Augustus himself died at 75). To be consul, you had to be 43 – eight years older than the US’s minimum age limit of 35 to hold a presidency."

"As a result, much of what we think we know about ancient Rome’s statistical life expectancy comes from life expectancies in comparable societies. Those tell us that as many as one-third of infants died before the age of one, and half of children before age 10. After that age your chances got significantly better. If you made it to 60, you’d probably live to be 70."

Neanderthal elders probably took on lighter-duty tasks as they aged just like today's elders do.

Humans have always lived past their 40s. You've misunderstand life expectancy statistics, because human age-at-death forms a bimodal distribution: A lot of kids and infants die (especially historically), and then your body starts falling apart in your 50s. So while the average life expectancy at birth for a lot of history might have been in the 30-40 year span, it has never been common for people to die in their 30s. Because once you make it to ~15, your life expectancy is another 30-40 years. And if you make it to 30, your life expectancy was still another 25-30 years.