Back in 2011, the Ministry of Health
for British Columbia looked at what the literature said about healthy ageing.
Here is some of what was in this report which was called Planning for
Healthy Ageing A Literature Review, written by Eleanor Kallio, Senior
Policy Analyst, Research, Knowledge Translation and Library Services Branch, Planning
and Innovation Division, Ministry of Health, Victoria, British Columbia,
published in 2011
Finance
At every income level, financial
planning can contribute to greater well-being, and is a pillar of healthy
ageing. It can help the older adult avoid or reduce poverty, and maintain an
adequate income for an active and independent lifestyle. It can also provide
more options, should life circumstances or health status suddenly change, and a
cushion is needed. For example, if the ability to do yard work or housecleaning
becomes a challenge, it can still be possible to remain at home by engaging
assistance with these tasks.
A significant percentage of
Canadian seniors live below the poverty line, with women at higher risk for
financial insecurity in older age. Women are generally less financially
prepared for retirement: they are less financially literate, save less, and
live longer, so they must support themselves longer.
Many older adults rely too
heavily on the Old Age Security and Canada Pension Plan as their main
retirement income. One or two sources of income are not a strong financial
foundation, should changes in health or circumstance occur. A three-pronged
approach is recommended, public pension plus two other sources, such as
savings, employer pensions or real estate investments. Most people need to pay
more attention to financial planning and begin thinking earlier about the
desired lifestyle in retirement and discover the steps to achieve it. All
mid-life adults and older adults should become financially literate and work
for financial stability.
Nice blog, very informative
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