The median annual cost of a private nursing home room in the United States has increased to $92,376 for 2016, according to the latest survey from insurance company Genworth. That’s a good reason for thinking twice before spending too much on assisted living.
9/2/2016 02:22:08 pm
I guess the shock of this was greater than I thought. Ten minutes after reading this my head is still spinning! How many elderly could possibly afford such costs? This is difficult to fathom Kitty. What does an elderly,barely getting by person do?
9/2/2016 03:36:29 pm
I honestly don't know, Ron ... but it would be wise for anyone, of any age, to find out. I'd guess I'd start out by contacting the nearest County Office on Aging, or whatever it's called in your neck of the woods. (Actually, I should do that here and report on what I learn -- will make a note to do so.)
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