Would you pass this financial literacy quiz? Many won't – and it's affecting expensive aged care decisions
- Written by Henry Cutler, Director, Centre for the Health Economy, Macquarie University
ShutterstockPaying for residential aged care accommodation in Australia is complex. Residents can pay a lump sum payment known as a refundable accommodation deposit (RAD), a rental style payment known as a daily combination payment (DAP), or a combination of both.
Deciding between the two is an important, complex financial decision and influenced...
