Study: AL Residents Typically Pay for Their Own Care

A new study out of the Center for Retirement Research at Boston College found that assisted living (AL) residents tend to be from mid- to high-income households and generally pay for their own care.

According to the study, AL residents tend to earn their income through annuitized forms, such as Social Security, pensions, private annuities and investment income. The majority of them don't require assistance from family members in order to pay for their care.

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