Pandemic Aftermath? Nursing Homes Hit with Staggering Price Hikes
In an unprecedented move, nursing home and adult care costs surged by 2.4% in July. This marks the most significant monthly increase since 1997, according to a recent Bureau of Labor Statistics (BLS) report. The data further reveals that 2024 has been a particularly volatile year for these costs. A Brief Respite Before the Spike Historically, the national average for nursing home expenses has remained consistent, with only five months between 1997 and 2024 witnessing …