older people

The fall in value of currencies, while costs continues to rise is causing millions of older people around the world to fear what their life will be like in their senior years. There is so much uncertainty that retirement savings carefully put aside for all those years will no longer be sufficient to provide the expected comfort in later life. Such questions as what would happen if they developed health problems, what if one partner dies and the other is left, what if they could no longer afford to live in their family home.

It is not all doom and gloom. According to USNews Money department writer, Richard Satran in an article published 5th March 2103:

Fear has motivated people to start saving more, but here are two positive ways to upgrade savings

Older couple reading a document while sitting together

Given a half-decade of economic uncertainty, fear may still be the biggest motivator for retirement saving. The financial crisis inspired people everywhere to save more and hold off on short-term spending. “It shook people out of their complacency and got them thinking, ‘I should save more,'” says Ken Hevert, Fidelity’s vice president of retirement products. “All age groups—young people, too, are showing a tendency to be more conservative.”

New surveys by two leading financial-services companies show how attitudes toward saving have evolved, and highlight a couple of easy steps that can have a big impact on savings.

 These easy steps can be summarized in the following two tips:

“Tip 1: Planning for retirement boosts savings dramatically” – the planning process gives them positive goals for retirement

“Tip 2: Putting eggs in more than one basket produces far higher returns” …. “opening more channels for collecting funds has a positive effect on the amount people save”

Does planning give people a sense of taking control of their lives which helps to overcome the fear factor?

 Click here to read the full article.

Although this site is primarily aiming to help seniors supplement their income, nothing about our lives is in isolation. As we age we often face difficulties with housing, memory and other health issues and for many of us, the reality of living alone. Where can seniors find information to help with these issues?

This morning I received an email from Allison Mathison who has compiled a list of the top 100 senior living sites to help people find the info they are looking for. I have copied her email below as she describes it so well herself:

As you know elderly care and senior living industry is always in
demand and always changing as our country grows. I have been blogging about
these topics for quite awhile now and recently just compiled a list of the
best 100 sites that covers everything related to assisted living, aging
issues, caring for our senior citizens. Baby Boomers are retiring left and
right and the need for these topics will continue to rise. Please feel to
check out this blog post http://nursingassistantguides.com/senior-living/

I spent a lot of time browsing each site and organizing them in
appropriate categories. It was really fun to make and hopefully will be a nice
resource for any senior citizens or even the family of seniors looking to find
the best bit of knowledge on the next stages of their loved ones…..

Each entry has a highlight link to a specific issue that older people face and I had a smile or two at some of the stories.

Here's the link again:

http://nursingassistantguides.com/senior-living/

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