Watched a 90 year old relative burn through all her life savings at $6000/mo. for assisted living care over the last eighteen months of her life. It would be much smarter for families to pay a member of the family $3000/mo. to provide “assisted living” to the elderly and the care would probably be better.
Fortunately, her pension covers most of the cost, and she had other assets to make up the difference.
It's tough, though, as she barely recognized me, but not my wife or son.