Posts Tagged ‘savings’
Older Americans Feel Confident About Homebuying — and Not Downsizing
While many Americans find the homebuying process to be confusing or simply out of reach, the overwhelming majority of Americans over 60 years old — about 84% — feel better equipped to start the process. A recent survey from community development non-profit NeighborWorks America sought to learn more about Americans’ attitudes toward homebuying and student…
Read MoreAmerican Homeowners Don’t Want to Move, Plan for Home Repairs Instead
As recent home value appreciation reports have pointed out, homeowners in America are not selling, and a recent analysis from Zillow said that many — 63% — are not looking to move at all. The Zillow Group’s Consumer Housing Trends Report 2018 surveyed 13,439 current renters, buyers, sellers, and homeowners about their housing attitudes during…
Read MoreSeniors Would Rather Plan to Pay for Funerals Than Long-Term Care
Putting off retirement planning is common among healthy seniors — to the point where a substantial majority of them would rather think about dying than how to plot out their remaining living years. Three-quarters of respondents to a survey from Home Instead, Inc., a home health provider, said they felt more comfortable thinking about funerals…
Read MoreWhere and How Retirees See Themselves Living
Over 80 percent of people aged 50 and over plan on living at home as they age, and 75 percent say that failing health would be a factor that would push them toward residence in an assisted living facility, followed by the loss of the ability to drive at 30 percent. This is according to…
Read MoreKeep Moving to Keep Brain Sharp in Old Age
Staying active in old age may help preserve your memory and thinking skills, a new study suggests. In fact, older people who were physically active kept their minds sharp, even if their brains showed signs of lesions or other markers linked to Alzheimer’s disease or other dementias, researchers found. “Physical activity may provide cognitive reserve”…
Read MoreBaby Boomers Need Far More Money in Retirement Than They Think
Baby boomers will need far more money in retirement savings than many of them believe, and generally prefer many major metropolitan areas to retire to. This is according to a new survey by Provision Living Senior Communities with over 2,000 respondents in an attempt to determine the ideal retirement scenarios for American seniors. Other highlights…
Read MoreListen Up! Hearing Loss Tied to Late-Life Depression
Hearing loss among seniors is not always recognized and treated, but if it were it might help head off late-life depression, a new report suggests. Older people who suffer from hearing loss have a high risk for depression, and the greater the hearing loss, the greater the risk, researchers have found. “Most people over age…
Read MoreLong-term Care Insurance Grows More Difficult for Seniors to Fund
Options for long-term care (LTC) insurance are diminishing in the marketplace, but a new industry-specific price index has revealed a substantial spread in costs for plans with similar coverage when compared with prior years. According to a new report released by the American Association for Long-Term Care Insurance (AALTCI), a couple in the mid-50s age…
Read MoreRetirees Increasingly Prone to Late-Life Financial Difficulties
Retirees are prone to disruptive late-life financial risks as life expectancy grows, including widowhood, financial mistakes attributed to a decline in cognitive abilities and high out-of-pocket healthcare expenses. This, according to a new brief released by the Center for Retirement Research (CRR) at Boston College. While currently-available research literature indicates that these kinds of financial…
Read MoreAging in Place Top Preference, Community Care Gaining in Appeal
Six in 10 seniors among a random sample of National Health and Aging Trends Study participants far and away prefer to age in place at their own homes either with family or paid assistance, but three in 10 of those surveyed stated a preference to receive care in an assisted living or continuing care retirement…
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