Following the comments on the BBC News Site this morning regarding a compulsory tariff that might be introduced to help pay for social care for adults in England; of which policies are being made public by ministers in a white paper later. They could need a new working group to examine when and how the fee must be applied, and what it must be.

It is thought that lots of council domains simply cannot come up with the money to provide the levels of care the elderly require thus this white paper will define how those who have the need for care could have to help subsidize it.

Sadly because the whole thing is down to money its the point is that the elderly could be in financial difficulty themselves. Recent comments reveal a mounting amount of older people at retirement age, are facing their own Debt Management crises. Several have had to re-mortgage their properties in order to carry out some Debt Consolidation.

its feared that this hasn’t been because of the desire to buy new vehicles or costly holidays but owing to the immediate necessity to buy important living items. These range from foodstuffs, house hold expenses and energy. Whilst borrowing money is not a terrible thing it could spell out trouble if this white paper as regards social care involves the prospective sale of a person’s home. If its the case that these properties are at this moment mortgaged as a result of Debt Consolidation, then the prospect remains unsure.

The Citizens Advice Bureau reported recently that they are seeing an growth in the age of people who are required to take advantage of government backed Debt Management schemes like IVA’s or a Trust Deed, the latter being the Scottish equivalent. They further added that lots retired people are facing massive difficulties because they cannot even afford to buy food.

Subsequently the plans set out for the future of the elderly, however required, may perhaps yet prove challenging to bring about as a result of the vast individual debt crisis this country is facing, With lots of people having to put in a massive amount of their monthly wages to these schemes, just like a Trust Deed and IVA, how could people afford to get old and be cared for?

The Conservatives have even pointed to a future voluntary

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This entry was posted on Saturday, July 31st, 2010 at 11:57 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.