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Maine ranks as the 11th worst state in which to grow old, according to a new Caring.com report which examined a variety of financial, health care and quality of life categories.
Maine fared much better in quality of life/health care (24) than cost (44) in the national rankings.
Caring.com is a Bankrate company based in San Mateo, Calif., that provides online information and support to family caregivers caring for aging parents, spouse or other loved ones. Its report on the 50 states is based on 13 financial, health care and quality of life benchmarks.
Utah is the best state to grow old in, according to the report. It’s the only state to make the top 15 in both quality of life/health care (7) and cost (14). Iowa ranked second, followed by South Carolina, Washington, Nebraska, Arizona and California.
The report found that many states show an inverse relationship between quality and price. For example, Washington is No. 1 for quality but 38th for cost. Similarly, Alabama has the cheapest elder care but lags in quality (44).
Caring.com found the worst states to grow old in are Wyoming, North Dakota, New York, Indiana and West Virginia. New York is a notable example of a state that fares poorly in both quality (34) and cost (tied for 46).
The study incorporated statistics on senior living community reviews, nursing home costs, in-home care prices and elderly well-being assessments.
Caring.com noted in its news release about the report that contrary to many “best states to retire” rankings that cater to active seniors and pursuits such as hiking, golfing and traveling, “this analysis centered on America’s rapidly growing elderly population and the medical and financial supports it requires in order to thrive.”
Sources for the report include:
“We want to use this research as a starting point for really important conversations between family members,” said Caring.com Vice President Tim Sullivan. “Too many people avoid thinking about senior care until it hits a crisis point. There are good options in every state, but it can take some time to sort out the best approach, so ideally you’ll get the dialogue going early to help maximize your options.”
In New England, New Hampshire had the best overall ranking (22), followed by Connecticut (29), Vermont (36), Massachusetts (38), Maine (40) and Rhode Island (41).
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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