More than a million people may be forced to pay almost £40,000 extra a year to be cared for at home, or have to move in with their children, because they would no longer consider living in a care home after Covid-19, new research seen by Telegraph Money shows.
Coronavirus has caused a crisis of confidence in care homes. A fifth of over-60s are rethinking how they will manage in their later years as they have now ruled out living in one, exclusive data from Canada Life, a wealth manager, found.
More than a million people who are over 60 and not already receiving some form of care will now be looking at alternatives such as at-home support. Costs for this depend on the person’s needs, but can be far higher than care home fees....
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