The sum of £1 million is synonymous with a jackpot, but on the topic of care costs it is one lottery you would rather not win. But care prices have risen steadily over the past decade and show no signs of slowing. AdvertisementLisa Caplan of Charles Stanley said: “Like virtually all expenses in life, the cost of care goes up over time. By the time people who are middle-aged today near the end of their life, their care costs will be eye-watering and could be nearing £1 million in real terms. AdvertisementBy 87 (the average life expectancy of a 60-year-old woman) about 8.7 per cent live in a care home.
