Care home fees top £30k for the first time - and are rising at 10 times the rate of pensioner incomes

Care home fees top £30k for the first time - and are rising at 10 times the rate of pensioner incomes Elderly people needing to go into a care home now face average fees of £30,000 a year, as costs are rising ten times faster than pensioner incomes, a study has found.

A study by Prestige nursing, one of the UK's biggest care agencies, has shed light on the UK's "desperate and worsening" care crisis, with the annual cost of a care home room increasing by £1,536, or 5.2pc over the past year.

This is almost ten times more than the average £156 (1pc) income gains earned by pensioners over the same period, suggesting that paying for care without spending savings is becoming affordable even for the wealthiest pensioners. The Daily Telegraph