The elder care industry is booming and thriving and I'm finding this disturbing, particularly when so many of our elders are ending up destitute because of the obscene cost of nursing homes. Very few couples are able to put aside enough to cover an extended nursing home stay. Just one year would wipe out a lot of peoples life savings. Extended care insurance is out of reach for most people I know and from what I read it's not that great anyway.
Rather than giving into resignation and resentment I have decided to think outside the box for my husband and myself. It's too late for my parents but maybe not us. I have heard of Senior cooperative housing and care models and would like to know more. I'm talking true cooperatives managed and run by the members. If anyone has any info on this i would love to hear it.