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News - 25 April 2014

Elderly care demand to 'outstrip' family supply

 A new report from The Institute for Public Policy Research (IPPR) estimates that by 2030 there will be more than two million people aged 65 and over with no child living nearby to give care if needed.

 
Lavinia Newman founder of ABDS comments:
“The IPPR recommends that the country must "build new community institutions because, as their report estimates, of the two million people that will have no child living nearby to care for them in England in 2030, 230,000 will need more than 20 hours of care per week.”
 
The government said it was working to make sure more people got care at home.
 
Clare McNeil, senior research fellow at the centre-left think tank, said the supply of "unpaid care" to older people by their adult children would "not keep pace with future demand".
"Thousands of people in their 60s and 70s today could be left to cope on their own when they need care in the future, with overstretched services unable to make up the shortfall," she said.
 
The report also highlights the number of older people providing care, and estimates that the amount of "intensive" care provided by spouses and partners will rise by 90% over the next 15 years.
 
It says the average annual cost for those who pay for care is currently £25,000 for home care and £36,000 for a nursing home.
 
The government said it was working to integrate health and council care services to ensure more older people received care at home.
 
If you need any help and advice on Care Homes and Nursing Homes, contact Peter Ham, Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
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Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
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