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Aging Population Issues Paper

Decent Essays

I believe the most pressing issue facing the aging population on a daily basis is financial security while living on a fixed income. Aging individuals’ sources of income include Social Security, employment, private pensions, and assets. The median household income for those 65 and older in 2007 was only $27, 798 (Hooyman & Kiyak, 2011). I chose financial security as the most pressing issue facing the older population because it influences several other areas. Sources of income for the aging population are sometimes insufficient to maintain proper housing, may cause health problems, and restricts access to nursing homes and assisted living facilities. The difficulty that the lack of financial security can pose for an aging individual leads …show more content…

One out of every four homeowners in the United States is 65 years and older (Golant, 2008). The majority of aging adults would prefer to continue aging in place by remaining in their homes and neighborhoods (Hooyman & Kiyak, 2011). As a result, moving is typically a last resort. According to Golant (2008), “When the older occupants of these homes also have low incomes, the physical inadequacies of their dwelling especially increase their health and safety risks, and they become financially burdened by even routine maintenance costs” (p.5). As elderly homeowners age, it may become necessary to install modifications such as widened hallways or doorways for wheelchair use, ramps, and specially equipped bathrooms. It can be difficult for those with low incomes to find reliable and affordable professional labor to complete these improvements, especially when these individuals may be financially suffering from the weight of property taxes, insurances, and mortgages as well. Older adults with low-incomes typically reside in physically declining neighborhoods, which also puts them at greater risk for health problems, social isolation, and psychological distress (Golant, 2008). The financial burden of maintaining a home has numerous effects on the biological, social, and psychological aspects of a person’s life while …show more content…

A variety of long-term care options are available to those who require more assistance. Assisted-living facilities, village concepts, and Continuing Care Retirement Communities (CCRCs) are all available options for seniors. Living in these residencies may address several other issues such as isolation, transportation, and mobility. These types of facilities focus on providing assistance with daily living activities for the elderly while still allowing them to be independent. Residents also have ample opportunities to socialize in common spaces such as dining rooms and living rooms. However, these facilities are often expensive and must be paid for privately. As a result, the option for living in these helping facilities may be out of reach for the elderly with a fixed income (Hash, Jurkowski, & Krout, 2015). Without these residential facilities as an option, aging adults with lower incomes who must remain in their homes may face challenges related to their health, mobility, and

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