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I enjoy banking with Christian Credit union. The staff makes it easy for me to bank even though I don’t live close to a branch. more
Paul BerkenboschCanmore, AB

Retirement Planning

Tidbits & Myths About Aging

May 08, 2007

On January 2, 2007, I was granted the Certified Senior Advisor, CSATM designation. My studies have helped me to better meet the needs of Christian Credit Union’s 50 plus and senior members. Below are some interesting tidbits and myths about aging:

  • In the history of the world, two-thirds of all people who have lived past the age of 65 are alive today.
  • Baby boomers – those born between 1946 – 1964, following WWII – will continue to have a profound impact on Canada’s demographics. The first round of Canada’s 10 million baby boomers will reach 65 starting in 2011. Baby boomers account for approximately 1/3 of Canada’s population.
  • In 2000, about 1 out of 8 people in the population were aged 65 and older. By 2026, 1 out of every 5 people will be a senior. Most seniors live in their own home and ‘age in place’; independence is their number one priority. Just 5% of men and 9% of women over age 65 live in health care facilities; most are 85 and older. These percentages have declined since 1991.
  • A new phenomena entitled the ‘sandwich generation’ is occurring – many Canadians are sandwiched between children & grandchildren and parents & grandparents and may become the primary caregiver of several generations.
  • Average income for an individual senior in Canada is just over $21,000 per year. Income for senior men is higher than that for senior women by almost $10,000 per year.
  • 77% of seniors donate to charities, the largest proportion of any age group.
  • Falls account for 85% of the injury-related hospital admissions for seniors.
  • 27% of senior men and 34% of women experience chronic pain.
  • #1 overall stress in aging is hearing loss. Tips in communicating with seniors who have experienced hearing loss are to avoid yelling, lower your tone, talk face-to-face, pronounce your words, eliminate extra noise and have them repeat message back to you.
  • Centenarians (seniors over 100) naturally shed stress, maintain a level weight, don’t smoke, have activities every day, maintain strong relationships, use humour as a coping strategy and participate in selfexpression (music, poetry, etc.) and mind-challenging activities.

Like me, perhaps you found this information interesting. The challenge for all of us is to be aware of changes occurring with our loved ones and respond appropriately.

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