This Reuters article points out that making changes to your home can be far less expensive than the alternative of moving to assisted living. The most important idea is that many things can be done to reduce the likelihood of suffering a fall in your home. Falls are one of the leading causes of seniors losing their independence and being forced to move to assisted living or nursing homes.
The bottom line is that seniors who want to age in place in their own homes must be proactive. For some, it might only require simple changes and for other times it may require more extensive home modifications that utilize universal design. In either case, these changes will create a safer, more accessible environment.
Here is the article: