More than six million people over the age of 60 face having to find up to £620 a week on top of their state pension to cover care costs after a surge in inflation in the sector, an industry report has found.
The average cost of a care home, estimated at between £600 and £800 a week, is about four times the new full state pension of £179.60 a week, according to Age UK, the charity.
This means that those who need to pay for a care home would need to find an additional £400 to £600 every week on top of their state pension to afford it, according to analysis compiled for Telegraph Money by Canada Life, the pension provider. A third of over-60s said they would have to burn through their cash savings to cover the expense, as well as any private pension they have.
Err, yes? Folks should pay for their own lives and needs from their own resources, no?
Of course, it’s possible that a just and righteous society will proffer aid to those without the resources to meet their needs. Hmm? We have such a system already? The state will pay the fees for those who cannot? Who have exhausted their own resources?
Oh, that’s good then, we’re done here, right?