Seniors For Living

This news may not come as a surprise, but it is nonetheless troubling.

A perfect storm has been brewing in recent years: the exploding boomer and senior demographic, senior care costs steadily climbing, government (and even private) funds dwindling, and fewer retirees prepared for sustaining long-term care costs and general cost-of-living expenses for the unforeseeable future.

What can be done?

An article posted on SeniorHousingNews.com speaks to these concerns in greater detail, ultimately asking the question that is weighing heavily on the minds of many Americans:  Will the nation go broke paying for senior housing & long-term care?

Of course there are no easy answers here, and sometimes things have to get worse before they can get better. But each individual is responsible for his own future and should make decisions that are not predicated on “what I’ll get from the government” or “when costs come down, I’ll consider assisted living.”

Perhaps the best solution is planning ahead. Planning to provide (or receive) care at home for as long as possible, planning for an alternative means of paying the bills should the need arise for assisted living care, planning to work longer in order to make ends meet and live comfortably.

Check out our Elder Care Planning Resource Guide for direction.