Financial Issues

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Finances may be among the most difficult issues that seniors and their family caregivers face. Many situations complicate the financial lives of older adults and their loved ones. The recession, multi-generational living and fixed incomes, to name a few, can throw seniors and their families into turmoil and prompt them to search for solutions.

If you are a family caregiver facing a situation that is impacting your loved one's financial situation, you may need resources to help. Answers could be just around the corner.

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10 Ways Seniors Can Stretch Their Dollars

Following, from the Home Instead Senior Care network and various senior and financial experts, are 10 ways that seniors can stretch their dollars.

Economical Options for Seniors: Discounts, Part-Time Jobs

The economy has put a damper on the lives of many seniors. If you’re a senior who needs extra income, why not call Home Instead Senior Care^® to learn about part-time job possibilities?

Cutting Corners

The economic slowdown continues to take a toll on the lives of older adults. For the second year in a row, there is no Cost of Living Adjustment (COLA) to boost Social Security benefits, according to the Senior Citizens League (TSCL). Rising Medicare premiums will shrink the Social Security benefits of an estimated 25 million seniors, the organization said. Local senior-care experts warn families to be on alert to make sure seniors aren't impacted too severely. Warning signs include skipping medications, pulling the plug on air conditioning and canceling social outings.

10 Cost-Cutting Warning Signs

Following, from the Home Instead Senior Care network and the National Association of Area Agencies on Aging, are ways that a downturn in the economy could impact seniors. If you're a family caregiver, ask yourself the following questions. If you're an older adult experiencing difficulties because of the economy, contact your local Area Agency on Aging or Home Instead Senior Care office. Or, if you have a financial issue, contact the Garrett Planning Network.

Health Costs Most Significant Factor in Seniors' Well-Being

The health aspects of growing older have become an expensive proposition for seniors. That means older adults should be more motivated than ever to stay healthy. If your senior needs encouragement, consider a professional CAREGiver.

Family Caregivers Feel Financial Pinch

The economic downturn has had widespread effects on family caregivers, many of whom have had to dip into their savings to cover increases in expenses. Caregivers also are often finding it difficult to pay for their own basic necessities. Respite care can help family caregivers get back to work.

Trust Officers Can Help Manage Senior Care

Bank trust officers often serve as custodians for a senior adult’s finances. They typically are experts in dealing with estate planning issues.

Seniors Beefing Up Workforce

More older adults are continuing to work past a traditional retirement age, both as a result of desire and necessity. Many areas of the economy can benefit from the skills and expertise of seniors. Caregiving is one of those.

Financial Plan Can Benefit Family Caregivers

Caregiving can be a burden for family caregivers. There are resources, such as your local Home Instead Senior Care^®, that can help alleviate the strain.

Seniors Working Longer After Recession

The recent recession has left many seniors in a financial quandary. If you are an older adult in such a position, why not consider a caregiving career?

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