Posted on Sunday, 24th October 2010 by
Around 84 per cent of Brits are not putting any money aside to pay for care when they are elderly, highlighting the severity of the escalating long term care issue, according to new research from health insurance specialist National Friendly .
To make matters worse, this lack of saving is despite 77 per cent of people believing that the money provided by the state would not be sufficient to cover their costs if they needed help with their care. The research also revealed that 77 per cent of people are unaware of the options available to them if they had an elderly relative who needed help with their care.
Commenting on the research, National Friendly CEO Richard Sear said: “We are living in the age of ageing (with the number of 85 year olds in the UK set to double by 2026), where funding for elderly care is a major national issue. Clear plans must be put in place to provide for our increasing ageing population as soon as possible to ensure that there will be adequate care provision for people in their old age.”
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Tags: Care, Care Old
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