Our serial underfunding of the aged care sector could come back to bite a lot of older New Zealanders.

A new NZIER report has found that we often access finance for residential care by selling our homes, but with declining home ownership rates that pathway is looking less likely.

We also spend less government money compared to other OECD countries and haven't changed the funding model since the year 2000.

Arvida CEO and Aged Care Matters spokesperson Jeremy Nicolls joined Mike Hosking.

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