Two-thirds 'have no plan to fund social care'
31/01/2008
Two-thirds of people in the UK have no intention of putting any cash aside to fund social care when they retire, according to older people's charity Help the Aged.
A survey conducted by the organisation, along with Carers UK and Counsel and Care, suggests that when faced with the option of turning to family and friends, paying for a private service or local authority support, two-thirds are likely to seek help from the former.
Director of policy and external relations at Help the Aged Paul Cann comments: "The fact that that almost two-thirds of people are expecting help or support from their families or friends should act as an urgent alarm call."
He added that the current system is inadequate and must be turned into one with a "fair and sustainable" funding settlement.
In related news, Newcastle Building Society Equity Release Service recently stated that inflation for pensioners will be up to seven per cent this year, double the predicated national rate.
A survey conducted by the organisation, along with Carers UK and Counsel and Care, suggests that when faced with the option of turning to family and friends, paying for a private service or local authority support, two-thirds are likely to seek help from the former.
Director of policy and external relations at Help the Aged Paul Cann comments: "The fact that that almost two-thirds of people are expecting help or support from their families or friends should act as an urgent alarm call."
He added that the current system is inadequate and must be turned into one with a "fair and sustainable" funding settlement.
In related news, Newcastle Building Society Equity Release Service recently stated that inflation for pensioners will be up to seven per cent this year, double the predicated national rate.
