This is likely to impact on children of elderly parents, as they will be expected to provide the care required and it is also likely to increase the duration that pensioners stay in hospitals.
Despite Government spending it looks like councils are penalising pensioners to increase spending elsewhere.
Homeowners aged over 55 years who are concerned about the costs of care and would like to know how much money the value of their property could release to increase their income, can find out by contacting
therightequityrelease.co.uk for equity release advice.