And doesn’t that just expose the underlying immorality even more? The elderly are told to spend down extra money. It’s common sense. You can’t take it with you. Plan as best you can, right?

Any housing provider or retirement center that can’t reasonably deal with the fact that some of their oldest residents might unexpectedly run out of cash, well, I have zero respect for them. Don’t open that kind of business if you aren’t ready for this kind of entirely predictable scenario. It’s just wrong.