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.
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.
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.
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.