In early 2019, my father (Rebecca’s) suffered a devastating stroke. For months, our family lived in the space between hope and heartbreak, watching a proud, accomplished, and independent man lose pieces of himself.
Our family agonized over the possibility of placing him in a facility. We wanted him surrounded by the walls of his own home — walls that held his memories, the photographs that told his story, the familiar sights and sounds of a life he had built. With great sacrifice, we were able to hire in-home help. It was a blessing. It was also extraordinarily expensive.
That experience is hardly unique. Survey data show that 77% of adults over age 50 hope to remain in their own homes as they grow older. Home represents independence, continuity, and dignity. It is where people feel most like themselves.
But the cost of in-home care has surged nearly 10% in the past year alone, far outpacing overall inflation. Full-time assistance now averages close to $80,000 annually. Assisted living and nursing facilities often cost far more, frequently exceeding $100,000 a year.
As a result, millions of families do not have that option. The final years of a loved one’s life, which should be marked by compassion and warm reflection on a life well-lived, are instead marred by financial stress and immense burden on family members.
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