Young people are paying for social care with little in return

Contributing sentiments towards policy:

57% : Thus including social care in the Beveridge framework of social insurance is the right policy direction.
55% : On a wider canvas, it is not only what younger people pay in tax that matters but also what society offers them, notably helping to build their skills.
53% : As a result, insurers cannot price policies accurately so private insurance for social care is expensive, if offered at all.
53% : As part of intergenerational fairness, the government's current consideration of that review should consider rebalancing the relative contribution of tuition fees and taxpayer support for teaching, thus reducing the size of student loans.
51% : The government is right to treat the finance of social care as an insurance issue, but should take a wider view of fairness across generations.
42% : Private insurance deals with many risks.
40% : However, the risk that a person may need social care many decades in the future faces huge uncertainties, both about the risk and the cost of care.
39% : Though sounding radical, that is the arrangement in Germany, where pensioners continue to pay the premium for social care since that is a risk they continue to face.
37% : Needing social care at some stage in the future is precisely such a risk.

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