Senior Living Blog

60-day stay trial  |  Aging & Caregiving  |  affording senior living  |  assisted living  |  assisted living ct  |  financial options for senior living  |  independent living ct  |  senior living costs  |  united methodist homes

How to Afford Senior Living When the Money Runs Out

By: Elizabeth Bemis June 7th, 2017

Running out of money is a real possibility for some who have made senior living communities their home. The money runs out for a number of reasons and common among them are: longevity (the average length of stay in assisted living is 2.5 years but many live there significantly longer) increasing rental costs, increasing costs in senior health care services and a need for more assistance with activities of daily living (ADL) than before. There are others, but these situations just mentioned place an immediate draw on private funds.