By Suzanne Clarkson
Today’s ageing population is still under the impression that it can rely on the Government for the provision of its long term care and underestimates the cost of care in a residential home by up to 400%, according to a recent survey carried out by NOP on behalf of Age Concern Enterprises.
The survey found that more than two thirds of the population had not spoken to their ageing parents about what provisions they have made to be cared for in their own home when they need it. Only 25% have actually discussed the subject with their parents and are aware of the arrangements. A further 10% are certain that their parents have not made any arrangements at all.
Peter Gatenby, director and general manager at Age Concern Financial Partnerships, said: “Most people still appear to be unaware of the devastating effect that a prolonged need for care can have on their savings and their families.”