It's not exactly shock news that the UK is staring headlong into an ever increasing social care funding crisis. Talk of government funding, Care ISAs and similar "solutions" come and go with every budget speech from the Chancellor. But whilst there may be a lot of well meant talk and everybody agrees that something must be done (soon), the truth is that, day-to-day, family and friends are the ones who are having to spend their hard-earned savings caring for their elderly relatives and friends.
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The Benenden Health survey found that 24% of over 1,000 friends and family consulted used their savings and/or pension funds to fund the cost of care, with 32% expecting they will need to do so in the next five years.
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