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Reply to "The insane cost of elder care"
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[quote=Anonymous][quote=Anonymous]I know I shouldn’t be shocked but the cost of care for the elderly is insane. I’m researching assisted living places. In addition to the rent, which is significant, there are extra costs for medication administration and “level 1-4 care” which is from $400-$2500 extra per month on top of rent. There are special programs for people who suffer from memory issues (not a memory care facility but a group), and other types of extra group programs. These range from $1000-$1500 more a month. Seriously looking at $9k-$11k per month. How do people afford that?? [/quote] How do you not know this? When I was 25, I asked my parents (at 50 and 51) to buy long term care insurance. I knew they had not saved enough for retirement. They did not but it. My mom has Parkinson’s. We are now screwed. I was maxing my retirement at 21. You can easily outlive your money. This should not be news to an adult.[/quote]
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