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Retirely in The things you own end up owning you,

Average cost for room and board in a nursing home is $91,000 a year. Which means it’s actually a better deal to enroll grandma into college

“Most people don’t realize how expensive this care can be until a parent or family member needs it,” said Joe Caldwell, director of long-term services at the National Council on Aging. “And then it’s a real shock.”

“A lot of people believe Medicare will step in and cover them, but that’s just not true,” said Bruce Chernoff, president and CEO of The Scan Foundation, a charitable organization.