Perils of Insurance

Perils of Insurance

Aging-in-place is a growing trend and has many benefits for the individual, their families as well as our overburdened health and social systems.  However, aging-in-place is not a panacea.  As more and more frail elderly individuals remain in their homes, supported by home and community care agencies as well as family and friends, many new issues crop up.  Home insurance can […]

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Your parent may be hiding money!

Your parent may be hiding money!

Three young adults in New Paltz, New York (120 kilometres north of New York City) found $40,000 hidden in a sofa they had purchased from the Salvation Army for $55.  The money belonged to a 91 year old widow whose children donated the sofa while their mother was having some health problems.  Luckily the money was found and returned to […]

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Autonomy, Money Management & Ageism

Autonomy, Money Management & Ageism

Managing money is an important activity in order to maintain our sense of autonomy and well-being.  Management of finances by family, friends or professionals may be necessary due to declines in capability but may also be a choice, even in the presence of full capacity.  Independence can be threatened if any attempts are made to assist the asset owner with financial […]

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Eldercare – A New Challenge for Employers

Eldercare - A New Challenge for Employers

Statistics Canada indicates that those age 55 and older in the work force currently represent about 17% of the working population.  In 2001 they represented only 10% of workers.  By 2021 they are forecasted to represent 24% of workers. These changing demographics of employees means that new issues will be arising in the workplace.  Eldercare is one of those issues […]

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By |September 28th, 2012|Caregiving|0 Comments

Caregiving – How are your parents doing?

Caregiving - How are your parents doing?

It’s striking to hear how often a conversation begins these days with “How are you parents doing?”.   We used to ask about one another’s children.  Now we ask about aging parents.  Many of us are in the midst of caregiving for our parents. The Range of Caregiving is Very Broad Caregiving is a label that can mean many things when helping […]

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Five Myths of Eldercare

Five Myths of Eldercare

Eldercare is NOTt: 1.Always a burden – often relationships improve; 2.A rare occurrence – it’s common in most older Canadian’s lives although always labelled ‘caregiving’; 3.Negative on employee performance – it may have short term challenges but these can be overcome and a valued role at work provides esteem, income and well-being; 4.Provided only by women – men are increasingly providing eldercare.  They […]

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By |August 24th, 2012|Well-being|0 Comments

Gray Bankruptcy

Gray Bankruptcy

Gray bankruptcy is referring to those aged 65 and older declaring personal bankruptcy.  It is one of the strongest indicators of consumption patterns that are out of control.  In the U.S. alone, there has been a dramatic increase in personal bankruptcy – even prior to the Global Financial Crisis.  By 2004 the annual filings had reached 1.5 million (1).  Even more […]

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By |August 9th, 2012|Debt|0 Comments

Let’s Learn from the U.K. – Supplementary Pension Plans

Let's Learn from the U.K. - Supplementary Pension Plans

Discussions continue in Canada on the proposed Pooled Registered Pension Plan (PRPP).  A number of countries have already implemented similar plans.  The U.K. has just launched theirs today(1).  The new supplementary pension plan (SPP) has not been welcomed by everyone.  Although the intention is to make is easier for individuals to save money for their retirement, the forecasted results are […]

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Happiness, Life Satisfaction and Aging

Happiness, Life Satisfaction and Aging

Will we be happier with age? Most of us would want to be happy in our older years and in fact, throughout our lives.  Published research from the Centre for the Study of Living Standards (http://www.csls.ca/notes/Note2012-3.pdf) looked at data from 2003 and 2011.  Canadians are a pretty happy bunch with 9 out of 10 reporting a fairly high level of […]

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