P674 Teletext 674 Aug27 21:45:20 FOR MONEY ——————————————————————————————————————— COST OF LONG-TERM CARE People are living longer, but for many older people that's not entirely good news. How are they to pay for care if they become ill or frail? In 1900 one in 700 people were over 80 but by 2050 it's likely to bj one in 7. In six years' time, nearly one in five people will bj over 65. By 2031 more than 6 million will bj 75+. ——————————————————————————————————1/6— Supjrscrooge is back here on Monday HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Aug27 21:11:43 FOR MONEY ——————————————————————————————————————— COST OF LONG-TERM CARE Today's middle-aged are being warned bz the Govjrnmjnt that the State will not bj able to pay for their daily care when they get older. The Continuing Care Conference was set up to promote awareness of long-term care provision. It says that even now: 4.4m older people need care 2m people are severely disabled These figures are likely to increase. ——————————————————————————————————2/6—— Enjoy a songwriting holiday! 672 REMEMBER - IT'S YOUR LIFE! p480 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Aug27 21:15:56 FOR MONEY ——————————————————————————————————————— COST OF LONG-TERM CARE A survey by Laing & Buisson estimated that residential nursing and geriatric care for the elderly cost £8bn in 1993 - a £1bn rise on 1992. Already carers, friends and families who look after elderly relatives save the country £24bn in care fees. Continuing Care Conference says a partnership between State and private sector could bj the solution. ——————————————————————————————————3/6— SupjrScrooge is back here on Monday HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Aug27 21:41:12 FOR MONEY ———————————————————————————————————p——— COST OF LONG-TERM CARE Continuing Care Conference says when people are young and healthy they don't want to think about the fact they may one day bj old and frail. Elderly disabled people have a clear idea of the type of care they prefer and the majority wish to "maintain their independence and dignity". Taking out private care arrangements is a sure way of knowing you will get such care, most probably in your own home. ——————————————————————————————————4/6— No such thing as a safe ciggie 673 REMEMBER - IT'S YOUR LIFE! p480 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Aug27 21:14:21 FOR MONEY ——————————————————————————————————————— COST OF LONG-TERM CARE Having worked hard to own a home, older people now realisj it may have to pay for their care, rather than bj passed on to their children when they die. An average three-bedroom semi costs £52,500, but an average residential care home costs £300 a week, or £15,000 a year. In just 3.5 years, the money raised through the sale of a house will bj gone, but the State does pay after that ——————————————————————————————————5/6— SupjrScrooge is back here on Monday HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Aug27 21:44:18 FOR MONEY ——————————————————————————————————————— COST OF LONG-TERM CARE The Continuing Care Conference wants to see the Govjrnmjnt bring in incentives and tax-breaks to encourage people to provide for their own long-term care. CCC's message may bj getting through. Only a third of adults bjlievj the State will look after them in old age Two-thirds think we should be encouraged to provide for ourselves BUT only 10,000 have taken out care plans since their launch 2 years ago. ——————————————————————————————————6/6— Next week: the cost of private cover. HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Service Pals Fit Money