Over-55s 'want a cap on paying for care'

Posted on 21 September 2011

Many people who may soon be looking for ways to pay for care do not believe the cost should lie with them, new research shows.

A study from Aviva revealed that 70 per cent of over-55s do not believe they should pay for their own care, although they accept it would be difficult for the state to cover the cost of every individual's care.

Moreover, some 81 per cent of respondent confessed to feeling worried, concerned or terrified about meeting the cost of care.

Some of those surveyed suggest who pays for their own care should be assessed on their current assets, while others feel income over a lifetime should be used.

Clive Bolton, 'at retirement' director at Aviva, said: "Our research clearly shows that the majority of over-55s do not believe that they should have to pay for care in retirement. However with a rapidly ageing population, this is simply not possible and over-55s realise that they are likely to have to make some sort of contribution to the overall cost of their care."

Posted by Natalie Edwards



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