Assisted Living Can Be Viable Choice
As your parents or other loved ones grow older, they may not be able to care for themselves. Relocating them into a nursing home is one answer.
Another option is moving your loved one into an assisted living facility. In them, people often have more space and more privacy than they would in a nursing home.
And assisted living usually costs less. A 2005 MetLife survey put the average cost of assisted living at nearly $35,000 a year. But MetLife found that nursing home tabs average over $74,000 a year.