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ASK TONY: Left powerless by NS&I over £12,000 for Mum s care home bill
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Sarah Coles, personal finance analyst at Hargreaves Lansdown said: This cost is higher than most people imagine. If you re in a more expensive part of the country or you have complex needs, you can easily spend £1,000 a week. A few hours of care at home each week can be much less expensive, but if you need live-in care, costs are between £1,000 and £2,000 a week. While people s savings may well cover a few hours of care in their home, most people would struggle to pay £50,000 or £100,000 a year.
Roughly one in ten people believe they will have to pay for their parents care themselves, according to the research from Hargreaves.