6 new findings about Millennials. By Bruce Drake 8 comments. America is in the throes of a huge demographic shift, and a major factor in this sea change is the Millennial generation, which is forging its own distinct path to adulthood compared with older Americans.
Adult day services -- also called adult daycare -- are programs that offer activities (in a social model) or basic health services (in a medical model) to seniors who need supervised care. Adult day programs usually cost $25 to $70 per day or more, depending on the location and services provided. Many offer services on a sliding fee scale.
The cost of residential care for an elderly person can range from $1500 to $4,500 a month, depending on the care needs, the quality of the accommodations and the location of the facility. The average cost in a six bed home is $2500 a month for a shared bedroom and $3500 a month for a private bedroom.