Tips for Supporting an Aging Population

This World Economic Forum report, #Longevity Economy Principles, by Haleh Nazeri, was recently released at Davos. It outlines six principles aimed at boosting financial resilience amidst the challenges posed by aging populations: 1. Financial Resilience: Support people through unexpected financial challenges via public-private cooperation. 2. Financial Education: Ensure everyone has access to the knowledge needed to make intelligent financial choices. 3. Healthy Aging: Make health services accessible to all, considering many will live with illness later. 4. Workforce Evolution: Adapt employment and learning opportunities for older adults facing age-related work barriers. 5. Social Connection: Design social systems to prevent isolation, which is crucial for health and longevity. 6. Inequality Addressing: Work towards equalizing longevity benefits, regardless of gender, race, or class. For the full report: https://lnkd.in/gkNNDiZG #financialliteracy #healthspan #lifelonglearning #communities #multigenerationalworkforce

North Carolina has become a #retirement hotspot over the last decade, thanks to its #affordability and favorable #climate. The impact on housing and services for older adults is massive, but NC is one of the few states that’s stepping up to the challenge. Among the recommendations for staving off some of these concerns are: 🎈Providing free or low-cost home safety modifications, repairs or home improvements. 🎈Expanding transportation services and the availability of senior center vans. Establishing lending libraries for used durable medical equipment. 🎈Advocating for Social Security and Medicare payroll taxes paid by undocumented workers to be returned to the state to fund programs for those workers. 🎈Expanding recruitment strategies to increase the statewide number of doctors and other health providers of color for improved patient-provider racial accordance, communication and outcomes. Increasing opportunities for older adults to share their wisdom and knowledge with younger generations as well as providing more opportunities for them to be mentored on technology advances and other topics. 🎈Funding senior centers equitably statewide based on the estimated 65-and-older population instead of property tax revenues. 🎈Including older adults more often in decision-making around policies that have an impact on them. Some of the recommendations eventually could land on the desks of state lawmakers. Others could be directed to municipal or county governments. May 7 is Aging Advocacy Day at the General Assembly. Bethel and Hahn said there are no plans to ask lawmakers for anything this year. Instead, they are interested in sharing data, #educating them on the roadmap and making them aware of the steps being taken. Many of the ideas could help younger generations, too, whether they are caring for elderly parents and family members or hoping to live in communities that welcome and care for its population at every stage of life. “It’s just recognizing that what we do for the old helps all ages,” Hahn said. https://lnkd.in/eMUcu4cs

Senior living communities have a tremendous opportunity to build a supportive network that addresses senior loneliness and fosters a sense of belonging. Let's explore collaborative approaches that empower residents, staff, families, and the wider community to create an environment where no senior feels isolated. Here are key insights to consider: 1️⃣ Resident Involvement: Empowering residents to actively participate in decision-making processes cultivates a sense of ownership and strengthens the community. Creating resident councils or committees allows them to voice their ideas, plan activities, and contribute to a vibrant social calendar that meets their diverse interests and needs. 2️⃣ Staff Training and Engagement: Equipping staff members with the skills and knowledge to address senior loneliness is crucial. Training programs focused on empathy, active listening, and understanding the unique challenges seniors face can foster stronger connections. When staff members genuinely engage with residents, it creates an environment of care and compassion. 3️⃣ Collaborative Partnerships: Senior living communities can form partnerships with local organizations, universities, and businesses to enhance the support network. Collaborating with healthcare providers, community centers, and volunteer organizations allows for a broader range of resources, expertise, and opportunities for engagement, ultimately reducing senior loneliness. #seniorliving #seniorcare #senior #skillednursing #homecare #assistedliving

As people live longer, there's an increased likelihood of needing assistance with daily activities due to age-related health issues or disabilities. That’s why on this episode of “𝐖𝐢𝐬𝐡 𝐈 𝐇𝐚𝐝 𝐊𝐧𝐨𝐰𝐧”, Bill Vlahos, Partner at Jackson Square Financial, expressed the importance of not overlooking this area. Here's why it's crucial to look into LTC and how structuring it for the future can benefit individuals and families: 1. 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧: LTC can be expensive, and without proper planning, it can quickly deplete savings and assets. By structuring LTC coverage, individuals and families can protect their financial security and avoid the risk of exhausting resources on care expenses. 2. 𝐏𝐫𝐞𝐬𝐞𝐫𝐯𝐢𝐧𝐠 𝐀𝐬𝐬𝐞𝐭𝐬: Structuring LTC involves exploring options like long-term care insurance or other financial products designed to cover the costs of care. This allows individuals to preserve their assets for themselves and their loved ones, rather than using them solely for medical expenses. 3. 𝐏𝐞𝐚𝐜𝐞 𝐨𝐟 𝐌𝐢𝐧𝐝: Knowing that LTC needs are addressed and financially supported provides peace of mind for individuals and their families. It alleviates the stress of worrying about how to afford quality care and ensures that loved ones can access the necessary services when needed. 4. 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧𝐢𝐧𝐠 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞: Properly structured LTC plans can enable individuals to maintain their independence and quality of life for as long as possible. Whether receiving care at home, in assisted living facilities, or nursing homes, having the necessary support in place allows individuals to age with dignity and autonomy. 5. 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: With the silver wave in full force, it's more important than ever to plan for LTC needs proactively. Structuring LTC for the future ensures that individuals are prepared for any eventualities and can navigate the challenges of aging with confidence. Long Term Care is a critical aspect of comprehensive financial planning, especially in light of the aging population and increasing longevity. By addressing LTC needs and structuring care plans for the future, individuals and families can safeguard their financial security, preserve assets, and ensure peace of mind during their golden years. Let us help you with any questions you may have or connect you with a highly qualified professional. Simply #askjodie. 𝐉𝐨𝐝𝐢𝐞 LinkedIn Safeguard Your Settlement #structuredsettlements #legal #insurance #caregiving #health #wellness #education #help