While writing this, did it ever occur to you how INSENSITIVE you are? The average income is way below $175K. |
Isnt this why you save for retirement? $175k isn't that much if 2 people worked and saved for 50 years. So if they retired and determined thry can pay thrmselves $150k/yr and their kids kick in the resr thst could be reasonable. |
|
NP. My dad was a blue collar worker and my mom stayed at home. Sure, they saved for retirement, but never to the tune of needing $175,000 a year. I don't get involved in their finances, but I know they live on way less than six figures. Granted, lower cost of living, but 24 hours care is astronomically expensive no matter where you are. Back in the early '70s when my parents made these decisions, one blue collar income and a stay at home mom was a reasonable choice.
By the way, it sounds like that $175k is JUST for care. What about all the other costs of just living? Food, utilities, housing (yay if the home is paid off, but their are still property taxes), clothing, other medical costs medicare doesn't cover, and so on. |
|
Why can't they have another chance to live independently with health aides? Maybe now that they understand the alternative they will make it work. I don't ever want to live in one of those places.
My neighbor is full on 100% dementia and lives alone with health aides on a rotation and visits from his adult children a couple times a week. Everyone involved seems happy enough with the situation. |
We need to know more about this. Do any of their children live in this area? Can they afford to live in that area. OP, why aren't YOUR parents/aunts/uncles the ones asking/wondering this .. why are you posting. |
|
Not being able to leave their room is because of covid19.
Wait it out. The family needs to know how much of their unhappiness is due to covid19 restrictions. |
Whaaaaaat are you talking about? In 2018, half of all older households received less than $41,125 in yearly income from all sources. |
| Someone needs to investigate power of attorney and someone else needs to not worry about the OP's finances. |
X1000000 |
|
If they want to move, then let them and hire someone to be with them. You sound like a control freak. Your children will treat you the same way.
I do not believe they have dementia as they would not have been allowed to move into assisted living if they had dementia. |