Originally Posted by
Beagle
I'm curious why you think fixed fees for life gives an "illusion" of security mate ?
My research on this subject is much more extensive than I can go into on this forum and I can assure you that old folks really put a very high value on the security this gives them.
Elderly vulnerable people face so many uncertainties in their lives. How long will I live, how will I be cared for, will I fit into this village, will I make friends, will my family come and see me, will I be happy here e.t.c.e.t.c. One of their biggest fears is can I afford to live comfortably AND well ? Apart from food, their weekly fees are their biggest expense so its impossible to overstate the importance to many people of locking this cost down permanently for the rest of their life.
Many people from this generation have grown up budgeting every last cent, (something that's completely lost on most people today) and put a tremendous value on the financial certainty that locking down their weekly fees gives them.