Prudential Cost of Care Report: Assisted Living Rates Continue Climb

The folks over at Professional Caregiver posted a great summary to a recent Prudential Cost of Care Report.

By the year 2030, the number of Americans aged 65 and older is expected to reach over 71 million, or almost 20% of the entire U.S. population.  As the population ages the need for care is expected to grow with it, and recent studies continue to show increases in the cost of long term care throughout the country.

A recent Prudential Insurance report found the average daily cost for an assisted-living facility is now more than $100, or $3,241 per month.  The report examined both assisted living and nursing homes, but found the largest increase in cost of care in AL, increasing about 13% since 2006.

Read their full post.

Download the Prudential Report.