Senior-Care 2011

MetLife Mature Market Institute recently released the results of their annual survey. It reports the cost of senior care has once again gone up in 2011. Surprised? Of course not. The way this economy has been mishandled by virtually every player is quite obvious.  

As seniors, we appear to be on a collision course with such high costs for care, it puts into jeopardy our future financial security as well as that of our loved ones. For example, the average private nursing home room currently costs $229 a day. That totals $87,235 a year, up 4.4 per cent. The average assisted living cost is $3,477 a month. That totals $41,724 a year, up 5.6 per cent. Even adult day-care currently costs an average of $79 a day, up 4.5 per cent.

If you are looking for a bargain in senior-care, you might consider rural Louisiana. The cost of  living in a nursing home there is a mere $141 per day. If you have money to burn on your senior-care, head to Alaska. The cost of living in a nursing home there is currently $655 per day. I’m sure that includes all the salmon you can eat.

www.TheBestofOurLives.com

 

 www.TheBestofOurLives.com

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