Statistics show the nation is getting older; about 8,000 boomers are turning 65 daily for the next 18 years. Reports also project that nearly two-thirds of people over age 65 will need long-term care. If that care is in a nursing home or assisted living facility, the cost can be astronomical, and, as recent data show, it's climbing, increasing 2.39 percent over 2010. Here are median annual costs for a private bedroom in an assisted living facility in each state and D.C. (Also note that while many people think of long-term care as impacting those in their senior years, 40 percent of people currently receiving long-term care are in their "prime," 18 to 64.)
See also: Calculate the cost of long-term care.
Source: Genworth 2011 Cost of Care Survey