Who Does It Mean To Be A Senior?
A great degree of flexibility surrounds the definition of senior years. That flexibility is largely down to the nature of human biology – that our aging process slows down drastically as we approach retirement. So while the average human may be expected to live to about 75, we don’t start feeling our age until we’re much older.
Sticking to that definition, we can define a senior citizen as a someone who has passed the retirement age, aged 65 or older. This makes the elderly or the seniors to be the older people in the community. In order to unlock the key to successful senior living, we must have a good understanding of what it means to be of elder age.
Are There Discounts For Seniors?
Seniors can get discounts at theaters, entertainment venues, museums, and elsewhere. Special pricing is available for seniors 55+ and you can find online discounts from Groupon or other similar discount sites, but the best way to score the cheapest ticket prices are to be flexible and plan ahead. Look for deals for off-peak or slow days like midweek or early evening.
Many seniors enjoy free days at attractions that have free days for seniors. Below is a list of places, with links, that have free days for seniors (or free hours for seniors) and discounts for seniors on off-peak days.
What Financial Matters Should Seniors Consider?
Financial decisions are based on a combination of feelings, circumstances, and facts. Buying life insurance, making investments, and tucking away savings for retirement can be anxiety-provoking and confusing. But that’s where the experts come in.
Financial advisors can be especially helpful if you’re newly retired, because you may not be familiar with many financial products or able to figure out which ones will best suit your situation. Make financial stability a long-term goal and carefully consider these basic financial matters to keep your dreams of an adventurous retirement within reach.
What are seniors’ living care options?
As a senior citizen, you have a variety of options when it comes to where you want to live after you retire. The options you choose may depend on a range of factors, including finances, medical care, and social interactions. Let’s look at some potential options.
Retiring to a comfortable home in a beautiful retirement community:
One of the most common senior living care options is moving to a retirement community. With this move, you can establish a new home with a small handful of neighbors who are like-minded in age. In some cases, these communities are designed for an active, independent lifestyle. Let’s look at some examples.
Active retirements communities:
These types of retirement communities are designed to cater to an active and engaged lifestyle where there are plenty of activities and events to keep you active and socially connected. From sports leagues to dance classes to social groups, these communities are geared towards people who want to keep active but also have the chance to spend time with other people who are going through similar situations.
The Bottom Line
Looking at the gender distribution, the female segment will dominate seniors, globally. This is mainly due to the increased life expectancy of women, which is eight years longer than their male counterparts.
Similarly, there will be an increased number of people spending their retirement in the informal or rural areas. As we proceed with age, the composition of the population changes, meaning that there will be a smaller percentage of young people, which will inevitably result in a decline in the workforce.
Of the total population, the figures for the senior segment are expected to increase sharply by 2050. Currently, the global population of older people currently stands at 8.7% (750 million) and this segment will grow to 29.1% (2.1 billion) by 2050.
Research carried out by Statista suggests that people over the age of 65 will account for 14% of the world’s population by 2025. By this point, the demographic pertaining to people aged over 60 will have doubled between 2016 and 2050.