If your loved one needs 24-hour care, they’re far from alone. According to Consumer Affairs, seven in ten Americans will need long-term assisted living at some point during their lives. Paying for assisted living is necessary, but it can be challenging. The first step toward financial planning for seniors is asking: What is the average…
Assisted living in Charleston costs an average of $151 per day, according to the Federal Long Term Care Insurance Program. That’s a major financial commitment, and for many families, the price tag alone can feel overwhelming. How do you make sure a loved one gets the care they need without straining finances? The good news…
If you’re considering assisted living, one of the first questions you might ask is, “What is the cost of assisted living in my area?” And rightfully so. While assisted living in South Carolina has become a vital option for seniors needing support with daily activities, its costs are rising faster than ever. According to a…
According to financial services company Genworth, the 2024 median annual rate of assisted living communities in the U.S. was $70,800. It is 10% more than the previous year, but these communities’ occupancy rates increased considerably, from 77% to 84%! Still, $70,800 translates to a monthly median cost of $5,900. So, paying for assisted living can…
According to the AHCA/NCAL, it’s estimated that there are over 30,000 assisted living communities in the United States. Millions of people around the country rely on these communities to give them the care they need to remain independent in their retirement years. However, there’s no denying that the cost of assisted living can be quite…