Raeside Chisholm Solicitors Blog

A scheme has been developed to provide additional meals for older people. The scheme is designed to tackle health inequalities and food poverty. The scheme is called Meal-Makers and is funded by the the Scottish Government-funded.

Age UK has recently published a report of the Financial Services Commission regarding the financial resilience of people as they grow elderly. The report showed that people aged over 85 are in the fastest growing segment of the UK population and people aged over 65 provide a vital contribution to the economy, spending more than £121 billion a year.
 
However, although there has been a great decline in pensioner poverty, economic advances have also meant greater economic independence and economic uncertainty. For example, the current sustained period of low interest rates could not have been predicted and this is greatly affecting the planned finances of the aging population.

A recent report has called on the Government to create a state-run “Equity Bank” to help elderly people on lower incomes generate extra income from their property.

A recent study from America has found that just under three-quarters (72%) of pre-retirees over the age of 50 say their ideal retirement will include working – often in new, more flexible and fulfilling ways.

Many organisations are recruiting older workers and even retired members of staff as a result of difficulties experienced world-wide in recruiting enough suitably qualified staff, a recent global study has found.