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Article: Caring until the end With our ageing population, funding any aid needs forethought, writes Tony Mudd
- Article from:
- The Sunday Telegraph London
- Article date:
- September 20, 2009
- Author:
CopyrightCopyright 2009 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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Along with pensions, the funding of care in later life is set to
become a key talking point as Britain's elderly population expands.
The proportion of the British population aged more than 65 years old
is now 16 per cent, compared to 11 per cent in 1951 and five per
cent in 1911, according to the Centre for Economic Policy Research.
But it is predicted to increase to nearly 20 per cent in 2031 and
more than 26 per cent in 2071, according to the Government Actuaries
Department. As many more of us are likely to live for longer, the
number of people needing care in later life will increase. Yet the
reality is that few of us plan for this.
Long-term care is expensive and costs are increasing. ...