dark light

Reply To: Retirement

Home Forums General Discussion Retirement Reply To: Retirement

#1841425
Tribes
Participant

In this country (Strayliya) if you own your home and need to go to an old folks home or need to relocate for care then the people who own the institution your going to then sell your house and contents. They give you around $15,000 and keep the rest!!!!!! There are some that give an amount back to the family if it’s only a short stay but most just keep it.
It is just legalised stealing. For the last 10 years or so there have been all sorts of shonks/spiffs/(insert your lowlife name here) getting into old folks homes. They feed them very little and spend the absolute minimum looking after them which mainly involves keeping the quiet, medicated,fed and into bed around 5pm.
It seems the way of the world, user pays, cost recovery and privitisation of everything government used to provide.

But only if you want and agree to finance your time in a retirement home via a reverse mortgage.

Superannuation has been compulsory for around 30 years now, and luckily more stringent laws about preservations ages should stop people blowing their retirement savings on sports cars and O/S holidays rather than using it to support their golden years.

But true, there were people who were caught between the winding back of the 1950s and 1960s welfare system, and the (government supported) self responsibility style approach that really gathered momentum from the early 1980s.