India, Aug. 1 -- Mounting financial constraints and deep-seated scepticism toward traditional medical institutions are raising alarming prospects that the millennial generation may bypass formal eldercare systems as they age, according to comprehensive health and economic research reports.

Why Are Financial Barriers Driving Generations Away From Formal Eldercare?

Economic analysts point to chronic housing affordability crises, mounting student loan debt, and insufficient retirement savings as primary catalysts preventing younger demographics from accumulating the wealth necessary to fund assisted living or professional nursing services.

Consequently, millions face the stark reality of entering their later years without the financial sa...