As a growing number of long-term care is given at home and in the community, services that help older adults and family caregivers of all ages are becoming increasingly important. The following resources can help younger caregivers protect their physical, mental, social, and financial health and find ways to help their grandparents without putting theirContinue reading “Resources for the New Generation of Caregivers”
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A New Generation of Caregivers
Millennials and Generation Z are entering into caregiving roles. A new generation of caregivers is assisting their older and sick family members. According to a 2020 report, the average age of family carers (49.2 years old) has remained steady since 2015. The data also shows that 24 percent of informal caregivers are between 18 andContinue reading “A New Generation of Caregivers”
How to Help Save Lives: Financial Stress and Suicide
According to research, financial stress can increase the risk of suicide by up to 20 times. Doctors talk about how financial stress and suicide affect an individual’s mental health and offer ways to move forward and how to help save lives. Many individuals often have trouble with money. Federal Reserve Bank of New York reportContinue reading “How to Help Save Lives: Financial Stress and Suicide”
10 Ways to Bond with Grandparents
In observation of Grandparents Day, here are 10 ways to bond with grandparents. Aging is an unavoidable reality of life. Growing older is difficult, but we’ll all have to do it sooner or later. We begin and finish our lives the same way: relying on the assistance of others. Everything comes full circle. Seeing aContinue reading “10 Ways to Bond with Grandparents”
Financial Advisor vs. Financial Planner
Do you require financial advice? Do you need a financial advisor, financial planner, or an accredited financial counselor? The answer depends on various factors, including how complex your finances are, how comfortable are you managing investments, where you are on your path to wealth, and where you want to be. The advisor’s role is toContinue reading “Financial Advisor vs. Financial Planner”
Inflation, Stock Market, Retirement – OH MY!
Inflation, Stock Market, Retirement – OH MY! Many cash-strapped, equity-wealthy – older Americans rely on a fixed income and their retirement assets, which may have suffered from stock and bond market losses. Inflation is rapidly reaching 10%, and their retirement investments may have declined by 10% to 20% due to recent stock and bond marketContinue reading “Inflation, Stock Market, Retirement – OH MY!”
Drug Pricing Hurts Older Adults
The Organization for Economic Development reports that Americans pay more for prescription drugs than people in other wealthy countries. The average American in 2022 spends $1,807, compared to $1,032 in Germany, $921 in Britain, and $904 in Sweden. These are exclusively insured payments. Drug pricing hurts older adults and others. Overpriced drugs can be disastrousContinue reading “Drug Pricing Hurts Older Adults”
Reducing Anxiety and Stress
Whether leaving due to a fire, flood, vacation, or medical emergency, knowing that you have their essentials ready to go can make a huge difference. Older adults have more to worry about than younger households because the threat of an unexpected serious illness making it necessary to vacate with short notice is dramatically higher. InContinue reading “Reducing Anxiety and Stress”
RENTERS REPORT HOUSING COSTS SIGNIFICANTLY IMPACT THEIR HEALTHCARE
More than half of renters have delayed medical care because they could not afford it, according to a first-of-its-kind survey. According to a new national survey conducted by Enterprise Community Partners Inc. (Enterprise) on the relationship between housing and health, more than half of renters surveyed delayed care because they couldn’t afford it. 100 percentContinue reading “RENTERS REPORT HOUSING COSTS SIGNIFICANTLY IMPACT THEIR HEALTHCARE”
Seven Mistakes to Avoid When Choosing a Financial Advisor
Choices abound in life, as we all know. Life-altering consequences can result from certain decisions but not others. If we’re being honest, there are occasions when we make the wrong decision because we don’t know better. We should seek advice when it comes to our financial well-being. A financial advisor is a big decision; hereContinue reading “Seven Mistakes to Avoid When Choosing a Financial Advisor”