3 ms·
Are you assuming great health? Or rapid death? Nursing home care runs $8k/mo or more per person. And low-end ones can be sketchy... you hear horror stories. T
by Tempest1981 2y ago
Are you assuming great health? Or rapid death?
Nursing home care runs $8k/mo or more per person. And low-end ones can be sketchy... you hear horror stories.
That $4k/mo won't be enough as you head into your 80s or 90s. Also consider inflation over 3 or 4 decades.
- refurb 2y agoDo you feel an $8k/month private nursing home a luxury? What I’ve noticed is what Americans consider “bare minimum” is pretty luxurious. “I’m not even middle class” means buying a single family home in the most expensive coastal cities, multiple international (Mexico and Canada don’t count) per year, a couple SUVs less than 5 years old, lots of toys, plus $5M when they retire at 55. Of course most people can’t afford that. That’s upper class in the US.
- master_crab 2y ago”Also consider inflation per 3 or 4 decades.” Social Security has COLA (Cost of Living Adjustments). It tracks with inflation over time.