Subsidized Senior Living

Remarkably, there is a great deal of myths and realities identified with the poverty levels and retirement choices for the elderly. As a mater of fact, as the number of older adults increases knowing about their finances become harder, even with programs like Medicare ad Social Security. In fact, social security is the most noteworthy source of income approximately 39% of older adults over 65 years old (Moody and Sasser, 2015). In addition, “for older adults 65+, the poverty rate has been decreasing in the first part of 21st century” (Moody and Sasser, 2015 p. 312). However, “the poverty rate for the old-old and oldest-old (75+) and for women living alone is much higher than average” (Moody and Sasser, 2015 p. 312). Regardless of this, there

Subsequently, a few sorts of living options for the elderly are to give some examples, subsidized senior housing, living with family, and long-term care such as home health care. Subsidized senior living is a federal government program, which offers senior housing, taking into account the individuals income (Robnett and Chop, 2015). On the other hand, Long-term care options are likewise accessible and are paid for by Medicare and other health care insurances, in which, “an estimated 70% of those over 65 will need long-term care services at some point in their lives” (Robnett and Chop, 2015). Conversely, for individual who want to live at home, there is an option of home health for numerous older adults. As this administration gives home care, such as, nursing care, therapies, aid services, interventions of social workers, and sometimes psychological and nutritional counseling (Robnett and Chop, 2015). Consequently, older adults have various living alternatives depending on and elder’s lifestyle, health, and financial statues, hence, learning more about these choices is the most ideal route for the older adults to carry on with a more extended and comfortable