- $77,745 (in 2010) per year for nursing home care;
- $39,135 (in 2010) per year for assisted living care; and
- $49,777 (in 2010) median annual income for a household Americans (not defined by age range -- I wonder what it would be if you looked at those or at retirement).
Thursday, June 9, 2011
Nursing Home and Assisted Living Costs Rise
Out to dinner last night a group of friends started talking about the reality of college costs. The women who initially mentioned the costs has a son starting high school in the fall. When she discovered the current cost of college, all of a sudden four years until college did not seem like enough time to prepare. Reading the current cost of nursing home and assisted living care makes me think of the baby boomers....how many of them know what a year in a nursing facility or assisted living will cost? Here are the numbers, reported by Geneworth's Cost of Care Survey survey:
Melinda Gustafson Gervasi is a Madison attorney and author whose current practice focuses on estate planning and probate. She is committed to increasing the public’s understanding of estate planning and probate issues. In 2013 she released her first book, Middle Class Philanthropist where she illustrates how anyone can leave a legacy. Gustafson Gervasi Law Office, LLC, 5555 Odana Rd., Suite 205, Madison, WI 53719
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1 comment:
Hi,
Assisted living devices help aged people to lead independent lives and provide assistance and care through the usage of information and communication technology. This can be provided at home or even at institutions that offer specialized services and continuous care to the aged. Thanks a lot.
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