The overwhelming majority of people 60 and older prefer to grow old in their homes and communities. But most adults who grow old at home eventually need help with housekeeping and transportation — and sometimes with daily activities, such as dressing and bathing.
Retiree Charles McCarthy of Phoenixville, Pa., pays $23 an hour, or about $1,500 a month, for two caregivers to prepare his evening meal, do laundry, vacuum and run errands. That may sound pricey, but it’s cheap compared with the cost of an assisted-living facility, for which the median price is $2,825 a month, according to a 2009 survey by Genworth.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.