Centre for Policy on Ageing
 

 

Income, capital and the cost of care in old age
Author(s)Ian Gibbs
Journal titleAgeing and Society, vol 11, part 4, December 1991
Pagespp 373-397
KeywordsIncome [older people] ; Services ; Costs [care].
AnnotationThis article reviews the 'conventional wisdom' that older people are now relatively well off and as a result, can pay for their own care and housing needs in older age. It provides a brief overview of the UK population and the implications of an ageing society for the care services. A summary of the main sources of income available to older people is given, including home ownership and ways of releasing equity. The article reviews the likely costs of residential and nursing home care and the little that is known about the costs of domiciliary services. It presents a summary of the relevant background information and examines the issue of whether elderly people could (but not necessarily should) finance their housing and care needs in old age. (KJ).
Accession NumberCPA-920514005 A
ClassmarkJF: I: QDC

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