UK faces £7bn annual black hole in elderly care funding - think tank
15% of people saving monthly for care
People in the UK are underestimating the cost of elderly care by £7bn each year, according to Scottish Widows think tank the Centre for the Modern Family.
On average UK adults estimate care costs to be £549 per week, however in reality costs are more like £866 on average for a place in a nursing home, the body said. The pension provider said the deficit...
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