How is Retirement Changing in 2013?
By Angela Sanders Monday, October 28, 2013, 06:53 AM EDT
Although there is always a turbulent financial climate around the world of retirement, things have been starting to look better in the past few months. Small saving deposits that used to be lost when people changed employer are now to be carried over into new jobs, meaning that people can now have up to an extra £2000 a year during their retirement years.
This change means that older people will be more independent and less reliant on a state pension when they get to an age where they’d need it, although what it doesn’t consider is the huge variation of pension requirements that are based on where the person lives.
In another article from Express, they argue a ‘postcode lottery’, which sees people living longer in certain areas, therefore raising the amount of cash they need to use for retirement. Figures suggest that places like East Dorset, which has the longest life expectancy in the UK, will see people spending nearly seventy thousand pounds more in their lifetime than people living in poor, urban areas such as greater Manchester. This obviously has a lot of variations within it, such as sex, occupation and lifestyle choices, but is still a staggeringly difference, especially considering that lots of this comes from state pensions.
A change in retirement solutions
These changes are making people think more about where they live when they get older. There is already a sense of wanting to move away from the stagnant and bland retirement homes that don’t seem to have changed since the 70s, with cultural and activity-based expectations becoming higher. Care homes from www.extracare.org.uk have recognised this lack in facilities that other people offer and tried to meet them. There is a big focus on keeping residents active, both physically and socially, to help ensure that everyone has the best time possible.
Aside from any aesthetic changes to retirement houses, the biggest changes are in what’s being done there. Extracare now focuses a lot on IT skills and digital activities, as well as contemporary exercise like Tai Chi, to help modernise an otherwise placid and unchanging business.
This is perhaps the most important form of improvement that we’re seeing this year. Although we’re well into the digital age, there are undoubtedly regions of our society that take a little longer to catch up with everyone else. The generational gap of the people making this technology and elderly people using it can be large, so it can take some time to get used to it.
As we saw that there are significant health benefits to where you choose to spend your retirement time, you should consider that quiet rural locations will increase your quality of life by slowing everything down a bit and reducing the stress of the day to day.
Extracare locations are generally situated around the Midlands and Northwest. While there are a lot of locations in central Birmingham which cater to people who wish to stay close to their family, there are also places further out that aren’t in such busy, metropolitan areas.