Long-term care will be needed by more and more people. Only a quarter is saving money.

A survey reveals that while two-thirds of Czechs save for retirement, only about a quarter set aside funds for elderly care. Concerns about losing independence are prevalent, yet many lack clarity on future care arrangements. The demand for long-term care is expected to rise significantly due to an aging population, with projections indicating a need for 800,000 individuals requiring care in the next decade. The Association of Social Service Providers estimates that 70 billion CZK is needed for long-term care investments, creating 35,000 new beds. Many people rely on family for care, but only a quarter of younger relatives are willing to provide support. This situation may impact the labor market as caregivers often reduce work hours or leave jobs to care for elderly relatives.