As I understand it the £100,000 is the MINIMUM you will end up with if you need to have care provided in later life, and that is assuming you have more than a net worth of £100k before care starts to be needed.
Part of the problem is that in previous generations children took on the main responsibility of looking after infirm parents in later life. I know that my mother looked after my father who had serious dementure, then after he passed away and she was not too well she came to live with me and my wife. I wouldn't have had it any other way. It's called family responsibility. Too many children simply pass the responsibility onto the state to be funded by the taxpayers, yet still expect to collect their share of the 'inheritance'.
It's fine to have ideas of cradle-to-grave' state care with 'cash-for all', but it all has to be paid for in the end.
I've always been interested in politics and I can say with certainty that every time we have had a Labour Gov't their policy has been 'Tax, Borrow and Spend' with no regard to the realities of economics. It happened in 1964, 1974 and 1997. Each time there was a crisis when they left power in 1970, 1979 and 2010. So vote for them if you like, but try not to be disappointed when reality hits again, as it surely will.
You have to ask yourselves whether you want to be led by someone who is IRA sympathetic, anti-armed-forces, pro-Marxism, lacking in economic experience, committed to massive gov't borrowing, anti-business, naive in international negotiating and surrounded by the most unlikely fellow-travellers. Do you really want him leading the Brexit negotiations with Diane Abbot at his side. He has not indicated that he will try to control any immigration either nor support NATO fully.
Labour are full of dreams. I would love a brand new Ferrari, but I know I can't afford one and it would have to be paid for in the end, so I don't try to get a loan to buy one.
I'm not rich. In the 1960's I was first of all an apprentice, then a draughtsman. In the 70's I worked (hard) as a design engineer trying to make my way, buy a home and raise a family. Later I put my home 'on-the-line' and at risk to have my own business. So. yes, I have seen a lot of what happens and I can tell you that our high employment levels here now are entirely due to the efforts of the Conservatives in attracting inwards investment by attractive tax regimes.
Pensions were seriously affected by Gordon Brown's snatch of pension fund money and the proposed increase in corporation tax will deny dividends to pension funds who hold the majority of shares.
My personal prediction if labour are elected is unemployment up to 3,000,000 in 5 years time and a country with huge international debts.
But in the end it's all our choice and democracy must rule. But God help this country if Corbyn ends up in control.