6 in 10 over-45s are underestimating the cost of care by thousands of pounds

Brits could face a worrying shortfall if they need care later in life. A report from the Just Group (8 December 2025) suggests that 6 in 10 over-45s are underestimating the cost of a care home by thousands of pounds.

Industry figures suggest average residential care home fees are almost £66,500 a year. However, 60% of over-45s believe the annual cost would be less than £60,000, with 28% underestimating the true cost by more than half.

Of those surveyed who had previously helped find care for a loved one, 85% said they were shocked by the cost.

With the report estimating that 4 in 5 people aged over 65 will require