Following the comments on the BBC News Web-site this morning with reference to a compulsory tax that may be introduced to help pay for social care for adults in England; of which plans are being made public by ministers in a white paper later. They may require a new official group to see about when and how the payment would be applied, and how much it would be.

Its thought that lots of council domains plainly cannot come up with the money to make available the levels of care the elderly need so this white paper will define how those in need of care may have to help subsidize it.

Alas since the whole thing is down to money it really is the point is that the elderly could be in monetary difficulty themselves. Recent comments denote a mounting amount of older people at retirement age, are going through their own Debt Management crises. Lots have had to re-mortgage their properties in order to carry out some Debt Consolidation.

it really is feared that this has not been due to the desire to buy new vehicles or expensive vacations but because of the immediate requirement to purchase vital living items. These range from food, house hold charges and energy. Whilst borrowing money isn’t a bad thing it might spell out difficulties if this white paper concerning social care consists of the likely sale of a person’s residence. If it really is the case that these properties are now mortgaged because of Debt Consolidation, then the prospect remains in doubt.

The Citizens Advice Bureau reported recently that they are seeing an rise in the age of people who are needing to take advantage of government backed Debt Management schemes like IVA’s or a Trust Deed, the latter being the Scottish equivalent. They further added that loads retired people are going through huge troubles since they cannot even afford to buy food.

Thus the strategy set out for the future of the elderly, although vital, might yet prove hard to bring about because of the huge private debt crisis this country is going through, With loads of people having to add a huge amount of their monthly wages to these schemes, including a Trust Deed and IVA, how might people afford to get older and be cared for?

The Conservatives have even pointed out a planned voluntary ?8,000 insurance model to cover residential care costs. How might the elderly and retired afford this? It shows that care preparation should start out a great deal earlier in life. All too often it really is left much too late and so troubles crop up like they have for us all at present.

We really should try to bring this UK affliction of Debt Management under control by instruction and halting this growth in credit card and private debt. Only then might we look to the future with peace of mind and perhaps have the benefit of a retirement not spent worrying concerning how much things are costing us.

The next few weeks in British politics might spell out success or failure for those young enough to have that worry with reference to a future when it come to social and residential care. As the saying well states, “Youth is wasted on the young”. Let us all try to not throw away our precious existence being slaves to money concerns by planning and saving for a future we have control over, and not leave it to the uncertainty of the financial climate to resolve.