In a recent report by The telegraph, new figures show care home fees rising by almost 10 per cent in some parts of the country, with the East of England replacing the South East as the costliest place to grow old. In some area’s the average cost reaching a staggering £34,000.
New figures show that typical bills are now twice income levels, with increases in fees outstripping rises in pension and savings. The average bill for a single room in a care home is now £29,389 – a rise of £723 in a year – while incomes stand at £14,300.
Caroline Abrahams, Age UK’s charity director said: “Spiralling care costs are clearly putting huge financial pressure on older people who are funding their own care as care homes try to make ends meet against a backdrop of falling funding from local authorities.”
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