Article by Fabafterfifty
A new study out today says that 25% of women in their 50s are carers. As the population ages over the next decade there will be an increasing demand for personal care for older people.
Having perhaps spent their lives bringing up a family many women now find their attention turning towards caring for elderly parents. If this requires them to give up their own employment to do so it can also have serious implications for their state pension entitlement at retirement age.
Our current society is not framed around caring for extended families, and as we age as a population it s likely to create further problems. Couples planning to downsize and release equity to fund their retirement may not be able to do so if larger accommodation is required to support elderly parents.
Are we sitting on a ‘caring crisis’ as well as a ‘pensions crisis’ ?
The new ’Is Britain Fair’ report states that women have a 50:50 chance of becoming carers by the age of 59.
Most of us have probably not planned for this eventuality. Have you?