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Age UK Chief Economist's report: Summer 2015
- Author:
- IPARRAGUIRRE Jose
- Publisher:
- Age UK
- Publication year:
- 2015
- Pagination:
- 23
- Place of publication:
- London
The report explains what the July Budget means for older people in the UK focusing on key economic aspects that impact on the lives of many of them: inequality and poverty, and benefit take-up. It also comments on the current picture of long-term unemployment, redundancies and re-employment amongst the older population. The report argues that the Budget did little to help to close the gap between the richest and the poorest pensioners. Financial inequality is currently growing in the pensioner population and the gap between the richest and the poorest is getting wider. Pensioners are still missing out of £3.7 billion of means-tested benefits to which they are entitled. The report suggests that a significant number of people in later life experience material deprivation: over a million pensioners cannot afford to replace a cooker if it breaks down, over 4 million cannot afford a holiday and about a million cannot afford to go to the hairdressers or barbers. (Edited publisher abstract)
How much would it cost to meet the unmet social care needs of older people in England?
- Author:
- IPARRAGUIRRE Jose
- Publisher:
- Age UK
- Publication year:
- 2015
- Pagination:
- 8
- Place of publication:
- London
This note provides an estimate of how much money it would cost local authorities with adult social care responsibilities to meet the social care needs of older people. Applying data from ELSA to the latest population estimates by age for England, this study obtained the number of people aged 65 or over with unmet needs by number of difficulties. It then multiplied the number of people in each cost category with unmet needs by the average cost (or, equivalently, by £37 times the hours a week) to estimate the weekly cost of providing the services to meet these unmet needs and, by multiplying by 52, the annual costs. The results show that 1,004,000 people aged 65 or over have at least one unmet social care need in England. Meeting these needs would cost around £4.2bn per year. Total expenditure in older people’s social care is budgeted to amount to £6.3 billion in 2015/16, which means that closing this gap in needs would require an increase by 66.6 per cent in budget allocations to adult social care. Meeting the care needs of people with difficulty with performing at least three activities (a measure of substantial need) would cost around £3.8bn. (Edited publisher abstract)