The medical advances that mean that we are all living longer come with a sting in the tail. The extra years may come at the cost of physical and mental frailty. We may need care in our old age.
The fallout from the coronavirus crisis continues to affect every aspect of finance. Many families are now realising that their plans for relatives in care could be at risk.
We are all getting older, and statistically, we are living longer. This good news comes with a sting in the tail. More of us living longer means more of us will need care in our old age.