The typical person’s bill for dementia social care would take 125 years to save for, according to an investigation.
The Alzheimer’s Society research warns that half of UK adults aged between 16 and 75 years old (47%) have not begun saving for their elderly care.
Jeremy Hughes, chief executive of Alzheimer’s Society said: “Dementia is a disease, as cancer is a disease, as heart disease is a disease. Getting dementia shouldn’t mean families are left bankrupt or destitute with nothing to leave behind.
“The social care crisis is a dementia crisis. Many people with dementia and their families are buckling under the inordinate pressure of propping up a failing social care system that has been starved of funding for decades. Too many people are forced to give up everything they own in order to care day in and day out for their mother, father, husband or wife.
“Repeatedly governments have failed to put a long term plan in place. On behalf of people with dementia, I challenge the next government to create a long term, sustainable system for funding dementia care. Currently, many people with dementia feel deserted by the state, and must rely on family members and carers for the support they need.”
The report, which came ahead of Dementia Awareness Week, which runs from 14-20 May, found that a more than a third of respondents (37%) had not considered the cost of dementia care and support.
More than half of respondents (54%) said that the government should pay for their dementia care with just 5% disagreeing.