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