National Seniors research
The most important financial needs for Australian retirees are:
- meeting their medical expenses;
- having their income last for their lifetime; and
- making sure their purchasing power keeps pace with inflation.
Addressing these three goals provides peace of mind to senior Australians, particularly when their essential living expenses are covered by regular income.
Senior Australians’ Needs and Concerns about Future Housing and Living Arrangements
One important aspect of the wellbeing of mature age Australians is their ability to, where possible, remain living independently in adequate and affordable housing. Hence, an understanding of their needs and concerns regarding future housing and living arrangements is important to achieve this aim.
Central to the goal of successful and productive ageing is adequate planning for retirement. Together with Insuranceline, National Seniors Australia has been conducting research on the prevalence and types of plans that pre-retirees have in place for their retirement.
Over the previous 12 months, much work has been conducted on the workforce behaviour of mature age Australians.
Both the Government’s Consultative Forum on Mature Age Participation and the Panel on the Economic Potential of Senior Australians have been tasked with providing evidence on, amongst other things, the labour force behaviour of mature age people.
Providing for quality care in later life is a key concern of Australians as they age. In a survey of 801 Australians aged 50 and over conducted by National Seniors Australia earlier this year, 74% of respondents said aged care was an extremely important issue and 14% said aged care policies would influence who they voted for in the 2010 federal election.
Australians want to know that they will be able to have affordable quality care in later life. Aged care is an integral and growing component of the healthcare system. It will be more pronounced with the ageing of our population.