Senior Living Costs

As seniors age, they often need help with every day activities including living costs. Helping them settle on suitable choices regarding their living conditions is important in allowing them to age in place and stay safe and sound while in their home.

Half of all seniors live with a mate, 30% live alone, 7% live in multi-generational homes, 4% live in a nursing home and the rest of in “different” settings like senior groups. Two-thirds of seniors 65 years of age or older will be forced at some point in their life to either live alone or move from their current conditions.

That being said, 19% of seniors 70-74 and 75% of seniors 90+ need help with daily activities and exercises. At a glance, the cost of home help or hiring a caregiver is pretty expensive when considering the amount of hours needed.

• Homemaker Services: $18/hr. involves assistance with cooking meals and running errands.
• Home Health Aide Services: $19/hr. involves assistance with personal needs including medication and hygiene.
• Grown-up Day Health Care: $60/hr. involves social and other related help benefits in a constructive, group-based setting.

Deciding to provide your loved one with a personal emergency response system allows peace of mind when no one is around to watch over your loved one. A medical alert device costs a small percentage of the total costs of hiring someone monthly and can be extremely helpful in the case of an emergency.