80%: The likelihood that a person age 65 will need nursing home, assisted living, home or community care during their lifetime.[1]
$109,500: This is the average cost per year of a private room in a Nursing Home in Los Angeles in 2021. That’s more than $9,000 per month. [2]
2.5 years: The median length of stay in a nursing home (901 days).[3]
$225,000: The average cost per year of a private room nursing home multiplied by the median length of stay.[4]
$5,518: Median household wealth remaining after a family member lives in a nursing home for six months or more.[5]
[1] Brooking/ICF Long Term Care Financial Model, 1995.
[2] Genworth Financial, 2012 Cost of Care Survey
[3] Centers for Disease Control, 1999 Nursing Home Survey
[4] Employee Benefit Research Institute, “Effects of Nursing Home Stays on Household Portfolios,” June 2012
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