Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
According to a 2024 National Council on Aging study, many older Americans lack sufficient resources to weather a financial shock like a health crisis. Understanding what happens if you run out of money in old age is vital for maintaining your security and peace of mind.
According to the California Advocates for Nursing Home Reform (CANHR), evictions are the most common grievance filed against assisted living facilities, which can be part of a CCRC. This reality raises a crucial question for prospective and current residents: can a CCRC kick you out? The answer is nuanced and depends on your specific contract, state laws, and the reason for the attempted eviction.
With the poverty rate among seniors aged 65 and older increasing, the question of what happens when a retired person runs out of money has never been more relevant. This is an authoritative guide to navigating a challenging financial reality while maintaining security and dignity.
While the fear of outliving one's savings is a common concern for retirees, many non-profit CCRCs have benevolent funds to assist residents who face financial hardship after demonstrating sound financial stewardship. This can be a source of significant peace of mind for those wondering what happens if you run out of money at a CCRC.
According to the National Council on Aging, nearly 15 million older adults in the United States are economically insecure. When an elderly person has no one to care for them and no money, a complex web of challenges and potential interventions unfolds, often involving government agencies and community support.
As of early 2025, approximately six million seniors in the United States live below the poverty level. For many older adults, facing retirement with little to no income can be a daunting and challenging reality. So, what happens to seniors with no income and what resources are available to help them secure their basic needs? This guide explores the options and support systems in place to assist those in financial hardship.
