Cost of Living
Middle-class elderly left without options: no space in social care homes and pensions cannot cover private costs
A new analysis shows that the average Portuguese state pension of 691.31 euros covers only five to six months of care in a private or non-subsidized social care facility, where monthly fees average 1,717 euros for a double room. Families with middle-class incomes often face an annual deficit exceeding 11,000 euros, as they earn too much to qualify for state support but lack the liquidity to afford private care, frequently resorting to selling the elderly person's home to cover costs.
Why it matters
If you are planning for long-term care for yourself or family members, be aware that middle-class pensions are significantly lower than private care costs, and you may need to rely on liquidating property assets to bridge the shortfall as social care vacancies remain scarce.Diário de NotíciasRead original ↗
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