• Expectations of future LTC and knowledge of the funding system are independently associated with financial planning activities, reflecting that low expectations of LTC and lack of knowledge of the system may result in inadequate financial planning. [...] Athina Vlachantoni is a Professor of Gerontology and Social Policy at the University of Southampton where she is also Deputy Editor of Ageing & Society, and a member of the Editorial Board for the Journal of Social Policy. [...] Logistic regression models were employed to estimate the odds of planning for financing LTC, first adjusting for the source of funding and the respondents’ expectations of needing care variables only, and then adjusting for the full list of covariates (Table 2). [...] The findings highlight the significance of addressing the intricate factors that influence financial planning for LTC, and the need for tailored policies and programmes which consider individual differences and social and cultural factors. [...] The results suggest that efforts to promote financial planning for LTC should prioritize increasing awareness and knowledge of the risks and costs associated with LTC and the advantages of planning ahead.
- Pages
- 32
- Published in
- United Kingdom
Table of Contents
- WP_110_Personal_planning_for_future_long-term_care_COVER.pdf 1
- WP110_Personal_planning_for_long_term_care_Final_Version.pdf 2
- 1. INTRODUCTION 6
- 1.1 THEORETICAL BACKGROUND 6
- 1.3 LONG-TERM CARE NEEDS, CARE PROVISION AND UNMET NEEDS 8
- 1.4 EXISTING STUDIES OF EXPECTATIONS, KNOWLEDGE AND FINANCING LONG-TERM CARE 9
- 2. METHODS 11
- 2.1 DATA 11
- 2.2 VARIABLES AND MEASUREMENTS 11
- 2.2.1 PLANNING FOR LTC 11
- 2.2.2 EXPECTATIONS REGARDING THE NEED FOR FUTURE LTC 12
- 2.2.3. MEETING THE COSTS OF FUTURE CARE: EXPECTATIONS REGARDING ‘WHO’ PAYS FOR LTC 12
- 2.3 SELECTED COVARIATES 13
- 2.4. DATA ANALYSIS 14
- 3. RESULTS 14
- 3.1 DESCRIPTIVE STATISTICS 14
- 3.2 UNDERSTANDING VARIATIONS IN EXPECTATIONS OF NEED, AND PAYING, FOR LONG-TERM CARE 16
- 3.3 BINARY RELATIONSHIP BETWEEN EXPECTATIONS AND FINANCIAL PLANNING FOR LONG-TERM CARE 17
- 3.4 RELATIONSHIP BETWEEN EXPECTATIONS AND FINANCIAL PLANNING FOR LONG-TERM CARE, TAKING ACCOUNT OF OTHER INFLUENTIAL FACTORS 19
- 4. DISCUSSION 21
- 5. CONCLUSION 23
- 6. REFERENCES 24
- 7. APPENDIX A 27
