I don’t know. I’ve spent the last few years dealing with a bunch of elderly relatives. All were in nursing homes and I dealt with their finances. Out of the five, 2 had saved a lot. One saved enough. The other two lived great lives, but were broke.
I know it’s a small sample, but while working through the processes I heard similar stories from everyone.
I think there are more REALLY poor people coming into the system. And these are the ones raised with Social security.