> elder facts, baby boomers, the sandwich generation & their parents

GERONTOLOGY

The growing interest in understanding the process of aging has given rise to the many fields of gerontology, the study of the biological, psychological, and social aspects of aging.  Gerontologists include researchers and practitioners in such diverse fields as biology, medicine, nursing, dentistry, psychology, sociology, economics, political science, and social work.  These individuals are concerned with many aspects of aging, from studying and describing the processes involved, to seeking ways of improving the quality of life for older people. 

SITUATION CRITICAL

• At the turn of the century in Canada, the life expectancy was only 56 years of age. 
  

• In 1952 when the Old Age Security was introduced, the payout began at Age 70 and paid $40.00 per month…Life expectancy in 1952 was only 67 years of age. 
  

• In 1998, it was 81.5 years for women and 76.1 years for men. 
  

• There are more centenarians than ever before.  In 1996 there were 3,125, while in 2001 there was an increase of 21% or 3,795 individuals who are 100 years of age or older. 
  

• In the coming decades, elders will comprise a larger share of the Canadian population.  It is expected that by 2012 an increase to this age group of 30% will take place.  This will represent about 33% of the total population. 

Source:  www.cieps.com

(The Canadian Initiative for Elder Planning Studies)

PRESS RELEASE

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"Easing the squish of the sandwich generation.  Coping strategies for baby boomers caring for their parents."

 

Note:  Kelley Keehn has been in the investment industry for over a decade.  Since merging her financial planning practice in the summer of 2005, she no longer holds any licence(s) to sell securities of any kind, nor provides advice giving, nor recommends or endorses any financial product.  Please consult your financial, tax or legal council for investment advice.