2026 report: Costs of long-term care and senior living
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A new report from A Place for Mom highlights the unexpected costs and unrealistic expectations that consumers have when moving into or moving a loved one into a senior living community. The report found that many families underestimate long-term care costs and overestimate what Social Security and Medicare benefits will cover, leading to financial stress and difficult decisions.
A recent report reveals that families often lack clear information about senior living rates and funding options. The report, based on a survey of 820 family caregivers, found that many families underestimate long-term care costs. In fact, 42% of surveyed family caregivers said that the cost of care increased more quickly than they had anticipated. The report also found that assisted living rates increased by 4.4% from 2024 to 2025. To manage financial pressures, some families have made trade-offs, such as using in-home care or delaying a move into senior living. The average monthly contribution for professional care was $3,241. The report highlights the need for better guidance and earlier conversations to help families prepare for the actual costs of senior living and care.
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