investmentnews.com (21.05.2025) A new Morningstar report warns that long-term care expenses could dramatically undermine the financial readiness of American retirees.But the study expert, who argues the analysis exaggerates households' actual exposure to those costs. "The Overlooked Cost: How Long-Term Services and Supports Impacts Retirement-Income Adequacy" Morningstar researchers Spencer Look and Jack VanDerhei used a proprietary model to simulate the retirement outcomes of American households under two conditions: one that includes long-term services and supports, or LTSS, and another that assumes those costs are fully covered by outside sources. The findings from the Morningstar Center for Retirement & Policy Studies published last week suggest that the inclusion of LTSS costs increases the share of households projected to deplete their retirement resources from 26 percent to 41 percent.