At the heart of difficulties in residential care lies the
ageing of the UK population. The effects of improved life expectancy are most
obvious among over 85s, for whom the cost of care is greatest and whose number
is forecast to grow by 18 per cent over the next five years. The over 65s group
is close behind at 12 per cent. At the same time, people are increasingly
choosing new forms of accommodation in later life such as assisted living, relocating
earlier while living for longer. Altogether this will generate a fresh tide in
demand for residential care, set to rise 15 per cent between 2015/16 and
2020/211. Presently swelling demand is outpacing supply, where a bottleneck is
holding back investment. Read more on the City AM website.
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