19/12/2011

Can A Stairlift Save Your Independence?

Over a third of Britons aged over 55 say they would be compelled to sell their home to fund long-term care in retirement

Age UK, the organisation created by the merger of Age Concern and Help The Aged, have revealed on their website, that in excess of a third of Britons aged over 55 feel that they would have no option but to sell their home to fund long-term care in retirement.

Law company Dickinson Dees have made a projection that if these figures were rolled out across the whole UK population, it would equate to two million Britons facing the prospect of selling their homes to fund their care in their dotage.

According to a YouGov survey of 4,500 people, the concerns of the over-55s are also reflected amongst couples in the age group 34-54, with 44% revealing they feel they would be compelled to sell their home if one of them needed residential care.

National statistics bear these poll results out, with 20,000 older people forced to sell their homes in 2010 to fund care home fees: each year 130,000 people go into long-term care.

 

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