Care costs force 20,000 a year to sell home

Katrina Lloyd
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Over 20,000 pensioners were forced to sell their homes to pay for residential care last year, according to new figures out today.

This means an average of nearly 60 elderly people a day had to sell up because they cannot afford expensive care home fees, the Daily Mail reports. The number of people being forced to sell has also soared by 17% since 2005, the figures show. Around 100,000 elderly people have sold up over the past five years to pay for care home bills with one in eight of all those who enter a home forced to sell up. Pressure to sell is being blamed on the fact care home fees have soared by more than 20% over the past five years to an average of £25,896. Care services minister Paul Burstow, a ...

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