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Save ....with what

(53 Posts)
hildajenniJ Wed 28-Jan-15 08:39:21

We are in a similar position. Money has been tight ever since DH lost his business and had to take a shop job (which is poorly paid). He had a grocery shop in the days before the big supermarkets appeared on the edge of towns. I went back to work after my son went to school, to help out. We put two children through university (not cheap). My Dad has just gone into a care home, the weekly fees are £525 which he is paying for with his savings to begin with. We will have to sell his house to fund his care when his savings are used up.
If DH and I need residential care in the future our children will have to do the same. I don't think that there are many people who will have saved a sufficient amount to fund care in old age.

soontobe Wed 28-Jan-15 08:36:27

You vent away.
You have a point.
She didnt even like to point out that it is 25% who may need some care. I have always thought they rather overegg the pudding somewhat.
The way the media goes on, you would think that 80% go into care homes, when the figure, when I last looked it up was no more than 10%.
After that time, I watched the people I know to see how many went in homes. The figure was 4. There were some more that needed care at home. But not as many as lots of people would have us believe.

This post may be a bit too over optimistic, but I can understand what you are trying to say.

I hope your day turns out at least marginally better than you are anticipating.

Kiora Wed 28-Jan-15 08:25:23

I probably am being unreasonable but I've just been listening to some patronising women on the BBC talking about 'planning for your care in old age' Im spitting feathers at her suggestion that we should all be saving money for care homes. Listen here I've never had the money to save. I've spent my wages bringing up my children, keeping a roof over our heads, and feeding and keeping us warm. My house is in desperate need of some TLC before I retire. What world do these people live in? Obviously the world were there was money left over. Take no notice of me if you read the 'good morning thread' you'll see this is the start of a very -- shitty day-- awful day.