U.S. Families Turn to Mexico for Affordable Long-Term Elder Care Amid Rising Costs
The cost of long-term elder care in the U.S. has surged, with expenses rising faster than inflation. According to Genworth Financial and CareScout, assisted living costs increased by 10% from 2023 to 2024, with daily rates ranging from $190 in Texas and Louisiana to over $1,000 in Alaska and parts of California. The average annual cost of long-term care is $112,420, which most U.S. adults cannot afford. As a result, some American families are considering moving their elderly relatives to Mexico, where assisted living costs are significantly lower, averaging $1,000 to $2,000 per month. This trend is driven by the need for more affordable care options as the boomer generation ages. 
