Aging at Home is Expensive!
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https://www.wsj.com/personal-finance/caregiving-aging-at-home-retirement-103520c7
... The 2023 national median cost of a home health aide, hired through an agency, stood at $33 an hour, up from $20 an hour in 2015, according to Genworth, a long-term-care insurance company. Those needing round-the-clock in-home care can expect a median cost of about $290,000, which is more than double the annual median cost of a private room in a nursing home facility and four times the annual median cost of a private room in assisted living, according to Genworth.
For comparison, the median hourly wage in the USA was just a bit over $18 in 2022, median household income is around $75k. It would take four median household incomes to afford one median round-the-clock in-home care.
And then there is all that stress and loss-of-freedom experienced by family members that cannot be easily translated into monetary terms.
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Modern medicine can help extend your lifespan, but not necessaryily improve your quality of life during that time.
