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Senior Living Blog

Happily Ever Aging
...a UMH Senior Living Blog

Everything you need to know about caring for your loved one - at home or at a senior living community.

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

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.

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