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The Cost of Dying

We do our best to financially plan for important things in life: a wedding, an education, a house – how does dying fit into this equation?

Here are a few stats for context:  25% of seniors lose all their assets in the last five years of life due to the costs of advanced care. That number jumps to 41% if you don’t take into consideration housing. A caregiver over the age of 50 will lose $300k in wages and benefits in the caring for their loved one. The financial aspect of dying is underdiscussed, yet plays a critical role in suffering and a person’s legacy. We’re remembered by the stories we leave behind – who we were, how we lived and loved – and by what we leave on for the next generation. Let’s imagine the role of cost and assets if a person is able to die in an intentional way. Is the death we want also one that is accessible to us?

Posts from the Inspiration phase that informed this Opportunity Area:

Financial Stress Makes a Tough Situation WorseManaging the Checkbook and Much More for an Aging Parent

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