Research highlight: cost of aged care


We plan for aged care costs when we know the system.

  • Member Matters
  • Research
  • Read Time: 6 mins

Aged care costs are not at the top of older people’s planning priorities, with only 15% having plans in place. 

At least, that was the finding of National Seniors Australia (NSA) research in 2021, running on the heels of the Royal Commission into Aged Care Quality and Safety. 

Former NSA research director, Professor John McCallum, described the figure as “alarmingly low” in media interviews at the time. 

He partly attributed the low number to the reports of neglect and abuse in care that the Royal Commission exposed. 

Our research showed there was variation among the 50+ population though. 

Older age groups were more likely to have planned for aged care costs, as were those with higher education, regular budgeters, and wealthier people. 

Notably, people already familiar with the aged care system were also more likely to have planned for their care costs. 

That included people who had accessed aged care for themselves or a loved one. They were 175% more likely to have planned for costs. 

It also included people who had already looked into future care options, familiarising themselves with the landscape. They were 325% more likely to have planned for costs. 

Our report concluded, “This points to a service exposure-information-action pathway which reduces people’s hesitation to plan for care.” 

To find out more, read the full report Planning for aged care costs: Hesitancy, ignorance and denial here.

Authors

Diane Hosking, PhD

Diane Hosking, PhD

Head of Research, National Seniors Australia Canberra.

Lindy Orthia, PhD

Lindy Orthia, PhD

Senior Research Officer, National Seniors Australia Canberra

Life is a cassoulet
  • Member Matters
  • Recipes

Life is a cassoulet

The power of friendship
  • Member Matters
  • Latest news
  • Read Time: 6 mins

The power of friendship

The great scone debate
  • Member Matters
  • Latest news
  • Read Time: 6 mins

The great scone debate


Related


Boomers dubbed ‘the generous generation’
  • Member Matters
  • Lifestyle
  • Read Time: 4 mins

Boomers dubbed ‘the generous generation’

A new way for you to save
  • Member Matters
  • Latest news
  • Read Time: 4 mins

A new way for you to save

We've got your back

With National Seniors, your voice is valued. Discover how we campaign for change on your behalf.

Learn more