Older Family Members Don't Have Enough Money? New Tool Helps You Find Financial Benefits

Older people are turning to equity release to generate money to pay off their debts. For many of those using equity release, selling their home and downsizing to a cheaper property was not an option. Although more than two-thirds of over-65s are homeowners without a mortgage, many are living on low to modest incomes and struggling to maintain their homes. One in seven (14%) of those surveyed were in receipt of pension credit, and some of the respondents felt there was no option but to use equity release to pay for housing repairs in order to continue living in their homes. Tags:- Pay Day Loan

Great post Melanie, I will definitely check out the Benefit CheckUp tool. Thanks for sharing. I work on an eldercare blog and we are writing a series on paying for eldercare. If you are interested, check out http://www.rightathome.net/seniorhomecare. Thanks for sharing, Bill