Overall, 45% of us say: "My parents plan to live independently as long as possible but have made no plans beyond that."
A surprising 26% of us say: "I don't know what plans, if any, my parents have made for their later years."
Even if our parents do have thoughts about where they hope to live in very old age, many of us don’t know what they are. This pretty much holds true across demographics: male, female, young, old, lower or higher household income. “It’s not unusual for members of a senior residence to talk to each other about funerals, long-term-care insurance, what happens when they get sick,” says Harry Moody, former director of academic affairs for AARP. “What is unusual is adult children having those conversations in advance with their parents. People think about these things, and they talk about them—but not necessarily with the people who will be affected.”