The cost to the State of people running out of funds to meet their long term care costs will treble to £2.75bn in England alone over the next 20 years, according to Partnership.
The long term care specialist predicts a massive explosion in the numbers of people living to 85 and beyond that will put huge pressures on workers and State funding for the long term care of older people. And it also reveals the UK's ‘oldest' councils which, it says, will be transformed into virtual retirement communities, after conducting an investigation of Office of National Statistics (ONS) data. It found that over 85s, who are most likely to require long term care, will increase by 60% across the UK in the next 20 years, and that without proper financial advice, the cost of peop...
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