On Thursday, in Florida, the International Council on Active Ageing holds its annual conference, attracting 9,000 members from 37 countries. It was among the first to recognise the economic potential of millions of baby boomers, those born between 1946 and 1964, now approaching the final third of their lives. Some will continue to work because they wish to or have no choice. Others are involuntarily unemployed. In the UK, some, from next year, will have access to their pension pots without the need to buy an annuity, giving them resources to spend when, and on what, they wish.
Category Archives: Older care
More than 100 elderly a week are having properties seized to pay for care home fees
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Between 30,000-40,000 thought to lose homes this way every year
- Coalition promised a cap on care costs by 2016, but this will only apply to bills of £72,000 or more
- Those with assets of more than £23,250 are expected to pay their own way
- Critics say the system denies families their inheritances and punishes those who have worked hard, saved and paid mortgages
More than 100 homes a week are being seized from elderly people by councils to pay for their care home fees.
Families have been forced to hand over properties because local authorities are refusing to pay for the care.