Age in Place, With Grace

Age in place, with grace For the most part, today's seniors want to stay at home instead of a residential care facility. Almost 90 percent Ykstock of seniors age 50 and older say they plan to age in place and continue living in their current home for by Getty ges the next five to 10 years. With the rising cost of nursing homes these days, it's no wonder why living at home is a preferred choice. A private nursing home room costs about $7,800 a month. At recent interest rates, that 90% monthly payment would be more expensive than a 30-year mortgage on a $1.5 million home. $7,800/month $6,945/month SENIORS AGE 50 AND OLDER $1.5 million home private WHO PLAN TO AGE IN PLACE nursing home FOR THE NEXT 5 TO 10 YEARS room (with 30-year Mortgage at a 3.75% interest rates) Long-term care Costs 3.6% (Per year cost) 3.6% Annual Increase $94K $83K 2% 1.3% $41K $29K* 1.6% $18K Private nursing Semi- Adult day care Assisted living facility Home health home room private nursing aide home room *Annual cost based on six hours a day, five days a week But cost 30% 11% SENIORS FEELING isn't the DEPRESSED only issue. living in a residential care facility receive care in their own homes 30 percent of seniors living in a residential care facility report being depressed, compared to 11 percent of seniors who receive care in their own homes. How do seniors manage to stay in their homes longer? There are a variety of ways: 1 Stay connected 2 Stay mentally and physically active Research shows that people who exercise their brains and their bodies have a reduced risk of It's healthy to keep or create close dementia. Activities like reading regularly relationships with friends and family. and completing crossword puzzles are Lonely older adults have: especially helpful. Other activities have 13.2% been shown to help as well. greater decline in upper body strength 12.9% greater difficulty in climbing statirs 12.3% greater decline in completing daily activities Learn a new language Hit the dance floor 8.6% greater risk of death People who are People who go bilingual develop dancing at least twice dementia 4.5 years later a week reduce the than people who speak risk of dementia by 11 just one language. percent. 11% 3 Stay safe Falls are a big deal and are one of the leading causes for older adults to enter nursing homes. 1 in 3 60% FALLS ARE THE LEADING CAUSE More than one in three Almost 60 percent of OF ACCIDENTAL adults 65 years or older older adults who have DEATH IN OLDER will experience a fall in a fall will go to the ADULTS. a year. Of those, two emergency room for thirds of those will fall treatment or advice. again within six months. (1) Seniors say these things would help them feel safer in their homes: • A bedroom and bathroom on the main level of their home • Non-slip floor surfaces PERS • An entrance without steps About personal • A garage or covered parking emergency response systems (PERS) • A personal emergency response system that allows people to 79% of seniors say PERS will be important in their homes in later years call for help in emergencies. 40% of seniors said they use their PERS because of concerns related to falling 76% of seniors with PERS say it helped them feel more secure in their homes For more information about Linear personal emergency response systems (PERS), visit us online at www.linearcorp.com Sources: https://www.gerworth.com/dam/Amenricas/US/PDFS/Consumer/corporate/130568_032213_Cost%20of20Care_Final_nonsecure pdf http://www.cdk.gow/nchs/data/ad/ad192 pdf http://www.sciencedaily.com/releases/2008/05/080508181557.htm http://www.aarp.org/content/dam/aarp/livable-communities/learn/research/the-united-states-of-aging-survey-2012-aarppdf http://archintejamanetwork.com/artikleaspx?articleid=1188033 http//www.freddemac.com/pmms/ http://www.nejm.org/doi/full/10.1056/NEJMoa022252t=articleBackground http:/archinte.jamanetwork.com/artikleaspxtarticleid=1188033 http://www.neurology.org/content/early/2013/11/06/01.wnl.0000436620.33155a4 http://assetsaarp.org/gcenterl/four_walls.pdf http://www.ncbi.nlm.nih.gow/pubmed/16121648 Linear Building On Innovation.