ATTITUDES AND BEHAVIOUR TOWARDS FINANCIAL PLANNING FOR CARE IN OLD AGE : SUMMARY OF FINDINGS



A two-stage survey to explore people's beliefs about the relative responsibilities of the individual, the family and the state for providing and funding care in old age, and their actual behaviour in this area.

For more details contact:

Professor Gillian Parker, Nuffield Professor of Community Care, University of Leicester, 22-28 Princess Road West, Leicester, LE1 6TP; Tel. +116 252 5422; Fax. +116 252 5423.

Key Points from the Research

Demographic, social, economic and political changes have stimulated recent political and academic debate about how to provide and pay for the care of older people. Public awareness of means-testing for care and consequent asset loss has also increased and pushed the issue up the policy agenda. However, evidence about what people think is the appropriate balance of responsibility between the individual and the state for meeting care needs has, until now, been limited.

Our research provides evidence by: (i) surveying attitudes towards the increased use of personal financial resources to secure care in older age and establishing how these vary with personal and socio-economic circumstances; (ii) modelling different attitudes and exploring the relationship between attitudes and behaviour in relation to securing care in old age; and (iii) relating findings to current debates about the role of the state and personal financial decision-making.

A nationally representative sample survey of men and women aged between 25 and 70 years was carried out in England and Wales. Structured interviews with 957 people, focusing on attitudes and beliefs towards care finance, were conducted by Social and Community Planning Research in late 1995. Weighting to compensate for non-response provided an effective sample size of 950. In stage two we returned to a sub-sample of 102 respondents to investigate their actual and planned behaviour for covering care needs in later life. We sampled on the basis of the views expressed in stage one from those who were "pro-state", "pro-individual", in favour of a "mixed economy", or whose views were inconsistent. One-hundred-and-two people were interviewed by the SCPR field force in June 1996.

Stage 1 Findings

Most people believe that the state should take primary responsibility for the provision of older people's care, and that it can afford to do so. However, most also believe that support should be related to people's ability to pay, although the greater the need, the more support there is for state help for all, regardless of income.

But views about how personal resources might be used to pay for care are confused. When prompted (using vignettes) the majority of respondents saw saving for old age as a first priority for a couple at different life stages (couples in their forties, near retired, and retired). Further, over three quarters of the sample felt that people should be able to purchase long-term care insurance to protect against future care costs. However, when respondents considered specific cases of older people with a variety of care needs, support for using privately paid-for assistance was very low amongst respondents of all political persuasions. In addition, there was little support for using housing capital to fund care needs.

Multivariate analysis and modelling showed that the strongest influence on attitudes towards the role of the state is political affiliation, as one might expect, but that this is mediated by age and personal experience of caring and/or disability.

Stage 2 Findings

Only one of the 102 people interviewed had any long-term care insurance (LTCI). While the "pro-individual" and "mixed economy" groups were more likely to think that LTCI was a "good idea", this was not paralleled by their expressed likelihood of taking out such insurance.

However, respondents were making these judgements while relatively naive about current risk levels for the need for care: they over-estimated both the risk of needing different types of care and the average amount of time people spend in residential or nursing home care in old age. When we gave them information about current risk levels (which are around 25 per cent at the age of 85), and asked whether they would now consider LTCI, if they could afford it, the proportion saying that they would increased from under 10 per cent to almost half. As this level of risk is lower than the sample's own estimates, this suggests that cost is a major disincentive to those who would otherwise be inclined to insure. Further, the "pro-individual" group were significantly more likely to say that they would consider insurance.

Those who were resistant to insurance were asked to consider even higher levels of risk, but remained largely steadfast in their reluctance, regardless of which sub-group they belonged to.

We asked people for their views of suggestions put forward in a government discussion paper for "partnership" insurance schemes and variable pensions as ways of individuals paying for their own care. Partnership schemes were most popular, but still only gained the support of around half the respondents. The "pro-individual" and "mixed economy" groups were most likely to approve.

On the whole people's actual or anticipated behaviour broadly followed the views expressed in stage one. However, views and behaviour in this area are confused. People want the state to be responsible for older people generally, but are strongly in favour of support being means-related. Yet people are reluctant to contemplate using available means, either now or in the future. The second stage identified issues concerning justice and fairness which influenced perceptions about the balance between the individual and the state and which seem to explain some of the confusion. Mistaken understanding of the role of the state in providing social (rather than health) care, expectations that tax and national insurance should provide personal protection, and the belief that "the state" recoups the funds raised from selling a home when an older person enters residential care are all important. Those who thought that home ownership would assure their successors a substantial inheritance also feel a sense of betrayal.

Uncertainty, about both individual risk and public policy, also contributes to people's confusion and hence to their reluctance to make major investment or insurance decisions.

Political thinking about the balance between the state and the individual in guaranteeing welfare has changed radically in the last twenty years. Our research suggests that the bulk of the population has not changed its thinking along the same lines, and even less its behaviour. A national debate about the level of state support we wish to see for older people, and the amount we are prepared to pay for it, whether communally or individually, is long overdue. This project provides a representative picture of current views and behaviour which can inform such a debate.