Care spending to rocket as population gets older

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

Long term care funding will become an ever more pressing challenge for government, and the subject of ever more urgent public debate, following a report which has given an ominous tone to the ticking of the “demographic timebomb”. The Government Actuary1s Department1s latest population projections predict higher growth than previously anticipated in the number of older people. The number of people over 65 in the UK is expected to rise by 81 per cent over the next five decades from 9.3 million to 16.8 million. But growth in the population over 85 – the age group most likely to need nursing, residential or homecare – is now expected to rise by 255 per cent from 1.1 million in 2000 to 4 million in 2051. Britain can therefore expect a substantial – possibly four-fold – increase in spending on long-term care for older people by the middle of the century as the number of people living into their late 80s and beyond increases and real care costs rise. The projections, prepared for the Joseph Rowntree Foundation, a h

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