My grandmother’s long term care facility costs nearly $8,700 every month.

Insurance doesn’t come close to covering it.
My mom has been dipping into her own retirement savings just to make sure her mom gets the care she needs.
Which means she’ll likely reach retirement with far less than she planned.
And if nothing changes, there’s a good chance I’ll be carrying that same responsibility for her one day.
Almost nobody budgets for this.
The system quietly assumes a family member will step in and fill the gap.
More often than not, that burden falls on a daughter.