Care crisis looms for pensioners putting off plans for needs in later-life

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Pensioners – many of whom do not want to worry their families – are shying away from discussing how they will be looked after in later life, a hard-hitting report says.

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Yet one in five expects to have to sell their home to pay care bills which could come as an unpleasant shock for grown-up sons and daughters. Despite the soaring cost of care, with typical bills of around £700 a week, more than half of adults (55 percent) will not start to save until after the age of 50. This is said to be too late to have enough.

Tony Mudd, author of the St James’s Place Social Care Report, which quizzed 2,000 people aged 50-plus, said: “Research shows that having the knowledge they will have to save considerable amounts to fund care is not often translated into them taking practical steps to address the issue.

“Many are shying away from making plans and sharing them because they find [it] complex, awkward or depressing.”

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