Comment on Families woefully underestimate costs of senior care

Families woefully underestimate costs of senior care

Paula Burkes Business Writer pburkes@oklahoman.comMost families have no idea of the true costs of nursing homes or home care, according to a recent survey from Waltham, Mass.-based Care.com. Of nearly 500 respondents, some 60 to 70 percent underestimated both costs, while more than one in four thought nursing homes cost half of what they do. Meanwhile, 29 percent of respondents already financially support a parent or aging loved one, while most struggle with talking openly about care needs with their aging parents and haven't saved for their own senior care. “Nearly half of U.S.

 

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