Elder Law Stats

Elder Law Statistics

Whether you’re rich, poor, or somewhere in between, you cannot afford to ignore the potentially devastating costs of nursing home and long-term care. Nursing homes are the most likely and expensive, creditors that many Americans are likely to face in their lifetimes.

Here's what the statistics say!

About 70% of Americans who live to age 65 will need long-term care at some time in their lives; over 40 percent will require nursing home care
The national average cost of a private room in a nursing home is over $212 per day or $77,380 per year. The national average cost of a semi-private room is over $191 per day or $69,715 per year.
Fifty percent of all couples and 70 percent of single persons become impoverished within one year after entering a nursing home.
On average, someone age 65 today will need nursing home care for approximately three years. Twenty percent of individuals will need nursing home care for more than five years.

Long-term care is not just needed by the elderly. Insurance industry studies have found that 46 percent of its group long-term care claimants are under the age of 65 at the time of disability.

Call gary price today

Free Confidential Consultation

“obtain the priceless – peace of mind”