National Seniors research

Drug costs force over 50s to skip medication

The cost of medicines may become an election issue after a National Seniors survey found 21% of Australians aged 50 to 64 skip prescribed doses to save money.

The result is in sharp contrast to the 12% of people over 65 who deliberately “ration” their drugs or fail to have their prescriptions filled.

National Seniors chief executive Michael O’Neill said previous research showed that rising living costs have impacted mostly on over 70s on small fixed incomes and without superannuation but now Baby Boomers appeared to be struggling.

Older Australians and travel insurance

A new report has been released examining whether older Australians face age discrimination when purchasing travel insurance.

The report, Ageism in Travel Insurance, summarises the key findings from a survey conducted by National Seniors and COTA Australia regarding members’ views and experiences with travel insurance.

The survey found those aged 70 and over were more likely to cite difficulties in obtaining travel insurance or affordable travel insurance as a major reason for ceasing to travel overseas.

Cut backs to ride out financial storm

Older Australians have kept working, cut spending and shifted to conservative investments to ride out the storm eroding their retirement nest eggs since the GFC, a new survey shows.

Financial Wellbeing: Concerns and choices amongst older Australians surveyed 3,500 people aged from 50 to 85-plus. It was conducted in collaboration with Australian National University, AMP, Rice Warner Actuaries and National Seniors Australia.

Ageism in Travel Insurance

National Seniors is looking at whether older Australians face age discrimination when purchasing travel insurance products or when making claims.

The issue of ageism in travel insurance was raised by Financial Services and Superannuation Minister Bill Shorten.

The national policy office is currently completing a targeted survey but we also want to hear from members who have had either good or bad experiences with travel insurance.

Money worries top list of concerns

Money worries are the top concern when it comes to growing older, according to a new survey released this week.

National Seniors Australia surveyed 1,800 members and found their biggest concern about getting older was the value of their savings and investments not keeping up with inflation.

This was followed by being unable to receive proper care when they are no longer able to look after themselves and thirdly by not being able to maintain a reasonable standard of living for their rest of their lives.

Stinging report on aged care

National Seniors released its Access Economics-commissioned report on aged care on Wednesday.

In an interview with ABC's 7.30 Report, National Seniors chief executive, Michael O’Neill, said the system is in decline and if ageing Australians are to be cared for properly, urgent reform is needed.

Providing for quality care in later life is a key concern of Australians as they age.

To ensure the provision of accessible and sustainable high quality care in the future requires both informed debate about the aged care system and considered policy planning.

The Elephant in the Room: Age Discrimination in Employment

There is no doubt that older workers make a massive contribution to Australia’s economy. An earlier report released by the National Seniors Productive Ageing Centre, Still Putting In, showed that older workers contributed $59.6 billion a year to our economy. Equally, the country loses an astounding $10.8 billion a year by not making use of the skills and experience of older Australians who want to work1. Which prompts the question – why are we overlooking these older workers?

Getting Involved in the Country:

Are rural areas good places to grow old?

Many older Australians moving out of the city to begin a new life in the country would probably answer yes – after all, they have voted with their feet. Ask a lifelong resident of a small town where younger people have left to chase work opportunities or education, and the answer may be more equivocal. For a local farmer who has watched the bank, petrol station and post office migrate to bigger regional hubs, fierce loyalty to community may be tempered by the practical frustrations of having to drive further for basic services.

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