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If I can afford it, I will try to take care of my parents. My grandmother has lived alone since my grandfather passed away over 25 years ago - and she had a stroke. If she were in assisted living she might be fairing better than she is. However she doesn't have a lot of money, so the assisted living thing wasn't a feesable option.
My other set of grandparents live in a community village, but in their own home. At least they have each other in case something happens.
Both sets of grandparents are over 80! To me it's AMAZING that they're still living on their own.
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