Cost of Dementia Care Can Be an Overwhelming Financial Drain
We often write about the staggering cost of long-term care. However, there is a subcategory of this type of care that can be particularly expensive for families: dementia care. A recent study examined this important topic and found that the cost of dementia care often eats up much of a person’s monthly income and quickly [...]
New Statistics Could Reshape the Meaning of Aging in Place
As we have shared many times, the majority of Americans — 77% of people age 50+ — say they want to remain in their home for as long as possible — sometimes referred to as “aging in place.” For many people, at the heart of this decision is a desire to remain in control of [...]
Survey Results: Top Reasons to Move to a Retirement Community
In a recent blog post about our 2023 myLifeSite Consumer Survey results, we shared that lack of trust in the organization/staff (34.8%) and concerns about leaving the comfort and independence of a current home (37.3%) were common reasons people put off a retirement community move. The top reason people said they felt uncertain about such [...]
Are You Wasting Money by Living in a Home That is Too Big?
One common concern for many people considering a retirement community move is that it will be difficult to downsize their living space. This apprehension about downsizing is understandable for a number of reasons, but there are other important considerations that older adults should factor into this equation and their senior living decisions. The “too big” [...]
Survey Results: Obstacles to a Retirement Community Move
Last week, we talked about how vital it is for retirement communities — and indeed the senior living industry as a whole — to listen to the voice of the resident. People who have chosen to make a retirement community move should feel comfortable once they are there, including feeling respected and heard by management. [...]
The Voice of the Resident Should Be Heard by Retirement Communities
We recently received an email from a myLifeSite user inquiring about how the resident advisory council of a continuing care retirement community (CCRC or life plan community) typically operates in conjunction with CCRC management. He asked how these “voice of the resident” committees work to impact financial, healthcare, and master planning changes that are being [...]