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The Cost of Assisted Living

As indicated by CNBC, overall inflation in the United States averaged 2.1 percent during the first half of 2018. But the annual median cost of a room at an assisted living facility is expanding by a rate closer to seven percent. Genworth Financial reports that the average annual cost of a private room in a nursing home recently surged past the six-figure mark. 

Anirban tells us more. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.