The implications of living older on long term care planning
According to the BBC this time last year a record number of people in the UK, some 14,570, survived to the age of 100, official data shows.
The number of people aged 100, or over, has quadrupled over the last two decades, according to Office for National Statistics figures for 2015.
In the last decade alone, the number of centenarians has risen by 65% or 5,720 There has also been a dramatic increase in the number of people aged over 105. Last year there were 850 reaching the age of 105, up from 130 in 1985.
This has serious implications on the provision and planning of long term care both from by the government and also on a personal level to ensure everything is in place to maintain a high quality of life. There is understandably a fear of the cost of long term care by individuals and families and how it can be paid for. Issues around long term care planning are set to increase as people life longer as is the need for planning to ensure an individual's legacy for their family is maintained, whilst the potential costs of long term care are factored.