Search results for ‘Subject term:"older people"’ Sort:
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Minding the money: carers and the management of financial assets in later life: report of a scoping study
- Authors:
- ARKSEY Hilary, et al
- Publisher:
- University of York. Social Policy Research Unit
- Publication year:
- 2006
- Pagination:
- 84p., bibliog.
- Place of publication:
- York
Growing numbers of older people need help managing their finances. Longer life expectancy is leading to increases in physical and cognitive impairments that can affect individuals’ capacity to manage their own affairs. Difficulties range from mobility problems that make it hard to get to a bank or post office, to severe dementia requiring another person to take responsibility for all financial matters. As close relatives and friends are the main source of support, they are most likely to help older people with financial management. At the same time, older people’s financial resources are increasingly complex. Growing proportions of post-retirement incomes are derived from occupational pensions and private investments, or claimed through benefits and tax credits. Most people now entering older age also have substantial housing wealth. Difficult decisions may be required concerning investments and savings in later life: converting capital to income; property maintenance and insurance; and equity release through reverse mortgage or downsizing accommodation. These decisions take place in the context of diverse legal and institutional arrangements governing taxation, social security, pensions, and social care charges.
Financial resilience in later life
- Author:
- AGE UK
- Publisher:
- Age UK
- Publication year:
- 2014
- Pagination:
- 62
- Place of publication:
- London
This report brings together all of the findings of the Age UK Financial Services Commission, which examined how the financial resilience of older people can be improved, and sets them in the context of the government’s proposed pension reforms. Financial resilience is defined as a mixture of not just financial but also health, social and personal resources that enable older people to thrive over the entire course of their later life and the ability to adapt plans or change arrangements, in response to both changing personal circumstances and wider economic conditions. The first half of this report summarises the emerging themes of the Commission, including decision making and staying in control in older age, and the second half sets out Age UK’s recommendations in relation to the access to good quality information, advice and guidance throughout later life, the offer of financial products and building trust. (Edited publisher abstract)
Financial security protections in Malaysia, Singapore and Philippines: a perspective of two generations
- Authors:
- MOHD Saidatulakmal, et al
- Journal article citation:
- Hong Kong Journal of Social Work, 44(2), Winter 2010, pp.89-104.
- Publisher:
- World Scientific Publishing Company
- Place of publication:
- Singapore
Southeast Asian countries are experiencing a rapid aging of the population. This study investigated the formal and informal financial security protections of the elderly and how that compares with financial security preparedness of the younger generations in Malaysia, Singapore and the Philippines. The role of family support as important source of old-age protection in Asian countries was also investigated. Data were collected by means of interviews of working people aged 18 to 59 years and elderly people aged over 60 years in all 3 countries. The participants were: 250 working and 250 elderly people in Kuala Lumpur, Malaysia; 250 working and 250 elderly people in Manila, Philippines; and 206 working and 161 elderly people throughout Singapore. Venn diagrams were constructed to analyse the overlapping of availability of the various financial security protections for the 2 generations and their relative sizes among the 3 regions. The findings showed similar financial protection in all 3 countries. There was general agreement on the inadequacy of the formal old-age benefits, and many participants reverted to informal protections such as insurance, savings and family support. With the exception of Manila, reliance on the family support as perceived by the younger generations has lost its importance.
Just above the breadline: living on a low income in later life
- Authors:
- ADAMS Lorna, WEST Sally
- Publisher:
- Age Concern England
- Publication year:
- 2006
- Place of publication:
- London
Pensioners are being forced to live ‘just above the breadline’, with inflation-busting bills leaving them with little money to enjoy retirement, according to a new report by Age Concern. The charity is warning that thousands of older people are missing out on a decent quality of life, which could be putting them at risk of isolation and depression in later life. This report reveals that many older people are denied the simple pleasures that most people take for granted. New findings also show that 40% of over 65s feel that their social life is restricted by a lack of money, with just over a third (35%) admitting they cannot afford to spend a day out with friends or family and one in three (33%) saying they cannot afford to go out for a meal, enjoy a night at the pub with friends, or entertain friends or family at home. Even pursuing a hobby or leisure activity is out of the question for just under a third (29%) and a 41% say a holiday is simply unaffordable.
Caring and pensioner poverty: a report on older carers, employment and benefits
- Author:
- CARERS UK
- Publisher:
- Carers UK
- Publication year:
- 2005
- Pagination:
- 17p.
- Place of publication:
- London
Provides evidence that one in ten older carers is having to cut-back on food to make ends meet, and nearly seven out of ten (68%) are having to cut back on other essentials such as clothes and heating.
Ageing, health and pensions in Europe: an economic and social policy perspective
- Editors:
- BOVENBERG Hans, VAN SOEST Arthur H.O., ZAIDI Ashgar, (eds.)
- Publisher:
- Palgrave Macmillan
- Publication year:
- 2010
- Pagination:
- 408p.
- Place of publication:
- Basingstoke
This book presents an overview of the future research challenges facing economists and social scientists concerning population ageing, pensions, health and social care in Europe. Experts discuss how scientific research can provide evidence on three themes that are dominating the current European economic and social policy debate: income security of the elderly; well-being of the elderly; and labour markets and older workers. The writers discuss the remaining knowledge gaps and research opportunities, review data needs and other infrastructure requirements and explore the implications for research policy.
Visions of Britain 2020: ageing and retirement
- Authors:
- FRIENDS PROVIDENT, FUTURE FOUNDATION
- Publisher:
- Friends Provident
- Publication year:
- 2010
- Pagination:
- 35p.
- Place of publication:
- Dorking
Much has been written on the ‘pensions crisis’ with many warnings of extremely difficult times ahead, not just for retirees, but for everyone. This report looks at ageing and retirement in the UK and what this could be like at the end of the decade. It evaluates the ‘pension crisis’ and the potential for inter-generational conflict. Based on the findings of a national consumer survey, it recognises that challenges lie ahead but at the same time there is room for optimism. The survey participants were a nationally representative sample of 1,000 people, plus an additional 100 people aged 55 to 57 (i.e. those at retirement age in 2020), and another 100 people aged 65 and above. The research also included interviews with a number of experts. The findings include: the age in which the participants plan to retire; how they are planning to fund their retirement; how they feel about their homes; their knowledge of pension products; the contribution of older people to communities; and the financial commitments of family. The findings show that the option of retiring at 65 is declining in popularity while the option of working for longer is more appealing. There is a clear need for clearer and better advice on pensions. The report concludes that by 2020 there will be some significant upsides to growing older, and that older people and their manifold contributions to society will be valued more.
Are 'poor' pensioners 'deprived'?
- Authors:
- BERTHOUD Richard, BLEKESAUNE Morten, HANCOCK Ruth
- Publisher:
- Corporate Document Services; Great Britain. Department for Work and Pensions
- Publication year:
- 2006
- Pagination:
- 111p., bibliog.
- Place of publication:
- Leeds
The objective of this project was to describe and explain the relationship between age and living standards in later life: exploring how sensitive this relationship is to the questions being asked; and the extent to which the experience of individuals changes as they grow older. The report is based on analysis of deprivation questions from the Poverty and Social Exclusion survey and the British Household Panel Survey.
Which pensioners don't spend their income and why?
- Authors:
- FINCH Naomi, KEMP Peter A.
- Publisher:
- Corporate Document Services; Great Britain. Department for Work and Pensions
- Publication year:
- 2006
- Pagination:
- 116p., bibliog.
- Place of publication:
- Leeds
The purpose of this report is to provide new insights into pensioners' living standards by analysing pensioners' expenditure. This report specifically explores: which pensioners spend a low proportion of their income; why this might be; and, whether a decline in spending with age was likely to be a trend for the future (ageing effect), or a feature associated with today's pensioners (cohort effect). The research method used to address these questions was secondary analysis of existing survey data. The surveys analysed were the Family Expenditure Survey, its successor the Expenditure and Food Survey, the British Household Panel Survey, and the English Longitudinal Study of Ageing.
Communicating with customers of retirement age: research summary
- Authors:
- JENKINS Sarah, HIGTON John, LANE Elizabeth
- Publisher:
- Great Britain. Department for Education
- Publication year:
- 2010
- Pagination:
- 3p.
- Place of publication:
- London
This paper briefly summarises the findings of two phases of research conducted for the Government Pension, Disability and Carers Service (PDCS), to explore the attitudes and perceptions of people in retirement. The aim of the research was to enhance PDCS’s customer segmentation of pensioners (Odyssey) through identification of additional customer characteristics that might improve communication and service delivery. Qualitative research looked at customers’ attitudes and perceptions of their social and financial lifestyles, as well as their health and well-being. The quantitative research built upon these themes from the perspective of communicating with those of retirement age. Overall there were 22 discussion groups and 34 depth interviews. The survey involved 1,979 people. Family and, to a lesser extent, friends fulfilled important roles in the live of respondents, in many case helping to interpret information from Government services. As anticipated, age affected participants’ outlook on society, finance and health. Traditional media, television and newspapers, were used more frequently than the internet or mobile phones. Overall face to face communication was preferred particularly for health and financial matters. Even internet users expressed reluctance to use it for personal matters. The research suggests that reaching older people directly may be difficult because of their isolation. Families and other, for example health, services may have a role to play.