Assisted living could save £100K or more, says McCarthy & Stone


Posted on May 1st, by editor in Caring Times. No Comments

Research by retirement housing builder McCarthy & Stone suggests that an elderly resident who buys an assisted living flat would be £100,000 – £150,000 better off after 10 years than they would be if they had chosen to enter a residential care home. McCarthy & Stone calculates that anyone with £150,000 to invest from the sale of their house, and a disposable income of £12,000, would use up almost two-thirds of their assets after 10 years of paying £400 a week in a modestly-priced residential home. Paul Trofimov, managing director of McCarthy & Stone¹s assisted living division said the savings resulted because an individual in an assisted living unit would pay much lower charges than those at a residential home while also keeping their equity in bricks and mortar. “Elderly people needing to move to a higher level of domestic support and security are faced with a limited choice,” Mr Trofimov said. “Many opt for a residential or nursing home but this can bring a loss of independence and a heavy financial d





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