The Hidden Costs Behind Assisted Living

Assisted-living centers, a popular retirement option for many older Americans, have become increasingly unaffordable due to exorbitant costs and additional fees. These highly profitable facilities charge $5,000 or more per month and add on extra charges for services such as medication delivery, assistance with daily tasks, and reminders for medication and meals. Investors and real estate trusts have flocked to the industry, with half of operators earning returns of 20% or more. The rising prices and fees have made assisted living out of reach for most Americans, leaving them with limited options for long-term care.