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Carving out the $285K for medical spending, that would leave this wealth-saving couple a net of $79,200 to spend on everything else in retirement: housing, food, utilities…oh, and long-term care. ” And vice versa — they’re one and the same. ” And vice versa — they’re one and the same.
Ultimately, the demands of my great grandmother, as her illnesses progressed, became so much that we couldn’t keep her at home. This wonderful and fiercely independent person who never wanted to live in a facility, spent the last year of life in a nursinghome.
The future of work and of aging will be shaped by struggles over care from both giving and receiving ends, perhaps against those profiting in between. spread between nursinghomes. These facilities, like most nursinghomes, are for-profit businesses that pad their margins by cutting labor costs.
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