A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European Countries

The progressive aging of the population forces the world to face new challenges, especially in the financial sector. The paper strives to present possible forms of coverage of long‑term care in the private and public market. A reverse mortgage and perpetuity are a point of consideration for the worl...

Full description

Bibliographic Details
Main Authors:	Anna Warchlewska, Rafał Iwański
Format:	Article
Language:	English
Published:	Lodz University Press 2020-04-01
Series:	Acta Universitatis Lodziensis. Folia Oeconomica
Subjects:	old age long‑term care prognosis reverse mortgage financial exclusion social exclusion long‑term care financing
Online Access:	https://czasopisma.uni.lodz.pl/foe/article/view/4986

id	doaj-0cbb66da0f1d40acbdbaf1c92df3dc17
record_format	Article
spelling	doaj-0cbb66da0f1d40acbdbaf1c92df3dc172020-11-25T03:48:02ZengLodz University PressActa Universitatis Lodziensis. Folia Oeconomica0208-60182353-76632020-04-0123479110710.18778/0208-6018.347.064986A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European CountriesAnna Warchlewska0Rafał Iwański1Poznań University of Economics and Business, Institute of Finance Department of Money and BankingUniversity of Szczecin, Institute of Pedagogy, Department of Social PedagogyThe progressive aging of the population forces the world to face new challenges, especially in the financial sector. The paper strives to present possible forms of coverage of long‑term care in the private and public market. A reverse mortgage and perpetuity are a point of consideration for the world of science and practice but they are also associated with a great deal of controversy. According to the authors of this paper, the theme requires cognitive exploration. The aim of the study is to diagnose the current situation of financial markets in selected European countries related to a reverse mortgage and perpetuity. Assuming that the sources of funding the current needs of elderly people available on the financial market are voluntary ones, it is necessary to present a forecast covering the costs of long‑term care from public funds.https://czasopisma.uni.lodz.pl/foe/article/view/4986old agelong‑term care prognosisreverse mortgagefinancial exclusionsocial exclusionlong‑term care financing
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Anna Warchlewska Rafał Iwański
spellingShingle	Anna Warchlewska Rafał Iwański A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European Countries Acta Universitatis Lodziensis. Folia Oeconomica old age long‑term care prognosis reverse mortgage financial exclusion social exclusion long‑term care financing
author_facet	Anna Warchlewska Rafał Iwański
author_sort	Anna Warchlewska
title	A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European Countries
title_short	A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European Countries
title_full	A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European Countries
title_fullStr	A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European Countries
title_full_unstemmed	A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European Countries
title_sort	reverse mortgage as an opportunity to cover the costs of long‑term care – solutions in the european countries
publisher	Lodz University Press
series	Acta Universitatis Lodziensis. Folia Oeconomica
issn	0208-6018 2353-7663
publishDate	2020-04-01
description	The progressive aging of the population forces the world to face new challenges, especially in the financial sector. The paper strives to present possible forms of coverage of long‑term care in the private and public market. A reverse mortgage and perpetuity are a point of consideration for the world of science and practice but they are also associated with a great deal of controversy. According to the authors of this paper, the theme requires cognitive exploration. The aim of the study is to diagnose the current situation of financial markets in selected European countries related to a reverse mortgage and perpetuity. Assuming that the sources of funding the current needs of elderly people available on the financial market are voluntary ones, it is necessary to present a forecast covering the costs of long‑term care from public funds.
topic	old age long‑term care prognosis reverse mortgage financial exclusion social exclusion long‑term care financing
url	https://czasopisma.uni.lodz.pl/foe/article/view/4986
work_keys_str_mv	AT annawarchlewska areversemortgageasanopportunitytocoverthecostsoflongtermcaresolutionsintheeuropeancountries AT rafałiwanski areversemortgageasanopportunitytocoverthecostsoflongtermcaresolutionsintheeuropeancountries AT annawarchlewska reversemortgageasanopportunitytocoverthecostsoflongtermcaresolutionsintheeuropeancountries AT rafałiwanski reversemortgageasanopportunitytocoverthecostsoflongtermcaresolutionsintheeuropeancountries
_version_	1724500637308157952

A Reverse Mortgage as an Opportunity to Cover the Costs of Long‑term Care – Solutions in the European Countries

Similar Items