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Beth roper

Senior care is crushingly expensive. Boomers aren’t ready.

March 18, 2023 by www.chron.com Leave a Comment

This is a carousel. Use Next and Previous buttons to navigate 8 Beth Roper had already sold her husband Doug's boat and his pickup truck. Her daughter sends $500 a month or more. But it was nowhere near enough to pay the $5,950-a-month bill at Doug's assisted-living facility. So last year, Roper, 65, abandoned her own plans to retire. To the public school librarian from Poquoson, Va., it feels like a betrayal of a social contract. Doug Roper, a longtime high school history teacher and wrestling coach, has a pension and Social Security. The Ropers own a home; they have savings. Yet the expense of Doug's residential Alzheimer's care poses a grave threat to their middle-class nest egg. At nearly $72,000, a year in assisted living for Doug, 67, costs more than her $64,000 annual salary. "It's devastating," she said. "You can't wrap your head around it." A wave of Americans has been reaching retirement age largely … [Read more...] about Senior care is crushingly expensive. Boomers aren’t ready.

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