Saturday, November 17, 2007

Elderly sell homes to cover care bills

By Sarah Womack, Social Affairs Correspondent Last Updated: 1:52am GMT 17/11/2007

Nearly one in five people has to sell all their assets, including the family home, to fund their place in a care home, according to new research.
Amid the ongoing scandal of people who have worked and saved all their lives giving up everything when they go into a home, it found a chronic lack of awareness of the cost of care.
Six in 10 adults over the age of 50 have no idea how much care homes charge until they are faced with the reality - which is around £25,000 to £30,000 a year.

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