We've heard of the graying of America … the growth of the number of people over 65. This senior explosion will result in the number of citizens over age 65 doubling within 50 years, while the number over age 85 triples, dramatically increasing the need for chronic, ongoing health care.

With 77 million baby boomers turning 85 in 2030, roughly 15 million people will be unable to care for themselves and must have qualified caregivers. And based on today's inflation rate, by the year 2030, a three-year stay in a nursing home is projected to cost more than $500,000.

The economic realities of long-term care are so overwhelming to most baby boomers that the solution seems to be denial. "The government will have to find a way to take care of me" is the type of comment we hear.