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dreamdancer

Baby boomers 'must pay for their own elderly care'

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can't have your cake and eat it...

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Lord Warner, who is drafting plans to reform the elderly care system, said it would be unfair to expect the working population to foot the bill for looking after their parents’ ageing generation.

He warned that the “squeezed” middle-classes face potentially the greatest burden, amid concerns that it is already too late to help ease the “catastrophic” costs likely to hit the recently retired.

The former health minister called on insurance firms to develop “creative” new products to allow pensioners to protect themselves against being forced to sell their homes to pay for care and support.

But he warned that the independent commission drawing up reforms for the Coalition would have to consider how to exploit the “big chunk of potential” funding currently locked up in housing.

Economists suggested that a future system would see more pensioners who own their homes denied state funding to help them pay for care in old age.



http://www.telegraph.co.uk/news/uknews/8326605/Baby-boomers-must-pay-for-their-own-elderly-care.html#
stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

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Been my plan all along-also tried to set aside funds to assist my parents in their elderly care should they need it. Also don't scream too much about the Social Security donations I make because, right or wrong, that is the contract that was made by the govt with the workforce of that generation. We just had the bad luck to be the ones the pyramid toppled on.
Welcome to personal responsibility.



*the above comment is mine and mine alone
You are only as strong as the prey you devour

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Been my plan all along-also tried to set aside funds to assist my parents in their elderly care should they need it. Also don't scream too much about the Social Security donations I make because, right or wrong, that is the contract that was made by the govt with the workforce of that generation. We just had the bad luck to be the ones the pyramid toppled on.
Welcome to personal responsibility.



*the above comment is mine and mine alone



+1
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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