What’s the Real Coast of Aging?
There has been a tremendous spike in life expectancy in America over the last 50 years, so what is the real cost of aging?
This chart shows the projected, approximate median annual costs for nursing home care during 2020 in select states based on a 365 day stay with a semi-private room accommodation:
There are fantastic long-term care solutions available, but individual circumstances vary so it is important that you meet with your own professional advisor(s) for an assessment to ensure you have the proper strategies in place for your situation.
Source: Genworth Cost of Care Survey, June 2018