- 9 out of 10 over 75s see care homes and nursing homes as unaffordable
- 1 in 5 say they are ‘worried’ or ‘very worried’ about being able to pay for normal everyday living costs
- Over half feel the government should do more to support the elderly during the cost-of-living crisis
- Almost 34% say it is impacting their care based decisions
- 60% of are worried or somewhat worried about their ability to pay for their care
Our latest survey shows that the cost-of-living crisis is hitting the over 75s hard.
A shocking 7 in 10 report having been negatively impacted by the crisis in some way. Even more worryingly, 20% sometimes need to choose between essential purchases such as heating, electricity and eating.
The cost-of-living crisis is also affecting care-based decisions. According to our survey results, current care options are simply not affordable for the majority of pensioners. Out of those we spoke to 74% find at-home care to be unaffordable and a staggering 90% find care homes and nursing homes to be unaffordable.
It comes as no surprise that people want to remain living in their own homes for as long as possible. In fact, 96% say that they would prefer to remain living independently as opposed to moving into a care home or to living with family members.
However, instead of making care-based decisions solely based on wellbeing, 40% acknowledge that the cost-of-living crisis is at least somewhat impacting their choices.
More than half (56%) believe that the government needs to do more to help them through the cost-of-living crisis.
As a leading provider of personal alarms in the UK, SureSafe is committed to the wellbeing of older adults, the disabled and those living with long-term medical conditions.
Affordability has always been a foundation of the SureSafe philosophy. We’re passionate about making cutting-edge safety technology accessible to everyone, regardless of their financial situation. Everyone should have the right to live with dignity, and with peace of mind that they can feel safe at home.
“Your Golden Years should be a time to relax, not stress over the cost of future care. We were saddened to hear that the majority of over 75s are concerned the cost-of-living crisis will impact their ability to take care of themselves as they age. This is a major stressor for many pensioners and can trigger or worsen conditions like depression and anxiety. And of course, quality of life is the first thing impacted when financial pressures lead to cutting back on care-related expenses.” – Daniel Westhead Director at SureSafe.
Featured Photo by Cristina Gottardi on Unsplash.