senior couple worrying about how to pay for assisted living

How to Pay for Assisted Living

According to an interview done by BankRate.com, the average assisted living facility in America costs $3500/month, or $42,000/year. However, the average income of someone in assisted living is only $19,000.

These figures cause problems for people who have to pay for assisted living. They either take on the debt or they forego assisted living altogether. If you are facing certain debt, the choice may seem quite obvious.