Have you thought about the cost of care in later life? According to some new research, most of us are failing to save enough to pay for later life care costs. This is despite one in 10 people facing care costs exceeding £100,000 during their lifetimes. The research from consumer group Which? found that most over 55s don’t know where to look for information about care costs. With the cost of care potentially so expensive, this is an important finding and suggests better quality information is needed.
Failing to save enough for later life care
This 481 word blog post looks at a new report from consumer group Which? calling on the government to recognise a lack of forward-planning for care fees when it publishes its much anticipated green paper this autumn. Written on 20th August 2018.