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Can you afford to age in place?

KEYT

By KATE ASHFORD of NerdWallet

Most older adults ages 50 to 80 say it’s important to stay in their homes for as long as they can, according to the 2022 National Poll on Healthy Aging from the University of Michigan. But aging in place isn’t as simple as just staying home — you must consider the costs, including those for age-related home renovations, home maintenance and caregiving. Some costs may be covered by Medicare if you meet certain requirements, but most will be fully out of pocket. From grab bars to yard upkeep, here’s what you must consider as you think about where you’ll live later in life.

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