Almost half of people (48 per cent) are disappointed with the quality of care available and 88 per cent are shocked at the cost, new research shows.
Three in 10 people are also worried that Brexit will add to their quality concerns.
In its 2019 care report, retirement planning company Just Group finds that more than 3.5 million 75+-year-olds have not made plans for long term care (68 per cent), and that 51 per cent of over-45s are delaying making financial plans on long-term care until new social care policy is clarified.
As a result, one in four self-funders are running out of money and will need State support.
The survey of 1,001 UK adults aged 45 years and older finds that the majority of people would prefer not to have to live in a care home.
Disinterest in care home funding is explained by lack of progress on social care policy, and media coverage of care home funding problems and closures, according to the report.