How to help older people through the COVID-19 pandemic

How to help older people through the COVID-19 pandemic

Kate Whiting (Senior Writer, Formative Content) for the World Economic Forum, wrote the following article that was published on 12 March 2020.

An expert explains: how to help older people through the COVID-19 pandemic

The fatality rate for people over 80 from COVID-19 is almost 15% according to data from China.

Dr. Kate Tulenko explains why older people are so much more vulnerable, as well as the impact coronavirus is having on health systems across the globe and health workers.

As cases of coronavirus continue to rise around the world, the weeks and months ahead will stretch healthcare systems to the extreme.

Data from China, where the outbreak began in Wuhan in December, shows older and elderly people (aged 60 plus) are the most vulnerable to COVID-19.

Dr. Kate Tulenko is a physician and CEO of Corvus Health, a global health workforce services firm. Here she explains why the elderly are more at risk and how to help older family members during the outbreak.

Why are the elderly more vulnerable to coronavirus?

There are both physical and social reasons. Older people don’t have as strong an immune system so they are more vulnerable to infectious disease. They’re also more likely to have conditions such as heart disease, lung disease, diabetes or kidney disease, which weaken their body’s ability to fight infectious disease.

In many countries, they are more likely to be in institutionalized settings like a nursing or retirement home, or living with family in a more crowded situation where there’s a greater risk of infection.

The elderly might also have isolation or mobility challenges. So because they’re isolated, they can’t get information about what to do, or they’re not able to get food they need if stores are out of stock and things become more difficult. In many societies, seniors are more likely to live in poverty, which makes it more difficult for them to get the things they need and to take care of themselves. Poverty presents a whole range of challenges pertaining to health.

Why is the mortality rate higher for older people?

There’s a direct correlation between mortality and age. So if you’re 60 to 69, the mortality rate is at 3.6%. At 70 to 79, it’s 8%. And if you’re 80 or above, it’s 15%. In some of the data I’ve seen, it’s even higher, at 18%. The elderly are more likely to get acute respiratory distress syndrome, the acute lung injury that is causing many of the deaths. But it seems the virus is also more likely to affect the heart than any similar viruses, so they’re actually seeing people dying from heart attacks who have COVID-19. A dialysis centre in Wuhan had a number of patients die from coronavirus without any pneumonia, so it just stresses the body in general. It doesn’t have to be the pneumonia that kills them.

A side-effect of the impact of coronavirus on the health system is we’ll see the elderly will be more likely to die of other causes. If you’re in Milan right now, you’re 70, and you have a heart attack, you’re going to get substandard care because the system is overwhelmed. The elderly are hospitalized on a daily basis at much higher rates than younger people and they are not going to get the quality care they deserve during the outbreak.

If you were an elderly person who has a three-month check-up with the doctor today, should you go? You have to weigh the risk of getting coronavirus with the benefit of seeing the physician. And for most people, it is probably best to skip that visit. But what if it’s something like diarrhoea? Normally, they would be seen, but now they may consider just staying home and treating it there, which is a risk as well. So it’s a real dilemma. Luckily, in some countries, physicians’ offices are starting to do telemedicine visits, but these may be difficult for seniors to access.

If you’re aged 60 and above, what can you do to protect yourself?

The main message is that people really just need to change their behaviour for two to three months. They’re not being asked to socially isolate themselves forever. When you look at the curve of the outbreak in Wuhan and Hubei, it’s really only been two months, so stay safe for two months, and you’ll most likely be alright.

A lot of the advice is the same for everyone, but with a vulnerable group, it’s that much more important because they’re at risk. The main points include:

Practise social distancing, so don’t receive any visitors unless absolutely necessary. If you have to see others, make sure it’s only healthy people and preferably no children, because they can be asymptomatic carriers.

Don’t leave home unless absolutely necessary, have neighbours shop for your groceries and refill any medications.

If you have to go out, avoid large groups, don’t shake hands or hug, keep a distance of at least three feet from people and avoid touching your face. Wash hands when you return home.

Read the US Centers for Disease Control and Prevention’s recommendations for at-risk groups here.

How can relatives help senior members of their family?

The key is communication – many seniors don’t have smartphones and they might not speak the main language of the media. Families need to make sure they call on a regular basis to help combat social isolation. And families are going to need to have extremely uncomfortable conversations around end-of-life decisions, such as whether they want to be resuscitated or have chest compressions in the event of a heart attack. It gives families a greater sense of peace once they have had the conversation.

What about elderly people in care homes?

Lots of people ask me, “Should I pull my loved one out of the nursing home?” It really depends on their situation and your situation. You might have children and you might have a crowded environment as well. Also there might be a fall risk. Nursing homes are set up to prevent people from falling, there are handrails everywhere and no trip hazards. If you take that person and put them in a strange environment, they’re more likely to break a hip and there are risks associated with moving them.

Health workers in nursing homes will need to have refresher training in infection control and the proper equipment to protect them and the residents. For two or three months they will need to suspend any social activities, such as art class, and allow residents to eat in their rooms, so they don’t congregate.

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Shire Retirement Properties (Pty) Ltd (Shire) is based in the Western Cape Province of South Africa and specialises in the provision of a range of services focused exclusively on the retirement industry. We have provided services mainly to the following sectors within the retirement market since 2010:
• The developers of retirement and lifestyle villages
• Operators and owners of retirement villages

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Search dogs being trained to hunt down dementia patients who go missing

Search dogs being trained to hunt down dementia patients who go missing

The Daily Mirror‘s Danny Buckland wrote on 2 March 2020:

Lowland Rescue in Swindon, Wiltshire, is training dogs as part of the Search Dog Heroes initiative, which will help the relatives of dementia patients.

Roo, pictured with handler Jo Armstrong, recently became the first dog in the UK to be trained (Image: North Downs Picture Agency)

Search dogs are being trained to track down dementia patients who go missing as part of a £1million scheme.

Around 100 are involved in the Search Dog Heroes initiative to help police, relatives and care workers bring vulnerable people back to safety.

The dogs are schooled for a year to 18 months and work with their owners, who are skilled handlers.

The first active search dog, Roo the labrador-springer spaniel, has already found a dementia patient who went missing from a care home in Berkshire.

The five-year-old and her owner Jo Armstrong, a volunteer with the Lowland Rescue service that is training the dogs, responded to the missing person’s scent that had been previously collected as a precaution.

Jane Brown of the Missing People charity said: “The dogs will be a great resource. Loved ones can be found quickly and returned home safely. The dog can be any breed. The important thing is their natural ability and enthusiasm.”

The scheme, funded by People’s Postcode Lottery’s Dream Fund, supplies kits for relatives and care staff to take scent samples from the hands on a sterile gauze that can be stored in a jar for up to a year.

Ms Brown added: “It’s a simple, non-invasive process. For the vast majority of people, it will never be used but it can be vital in emergencies and can also provide peace of mind for relatives.”

Missing People chief Jo Youle said: “These dogs will help save lives.”

Around 850,000 people in the UK are living with dementia and the numbers are projected to increase to 1.6 million by 2040, according to the Alzheimer’s Society.

Two dogs have been trained so far  but up to 100 will be deployed nationally over the year in a free service.

To continue reading the article, click here.

Shire Retirement Properties (Pty) Ltd (Shire) is based in the Western Cape Province of South Africa and specialises in the provision of a range of services focused exclusively on the retirement industry. To read more about our services, click here.

Living a life well lived

Living a life well lived

Growing Bolder’s Bill Shafer wrote and produced a documentary about Sky Bergman who grew up with her grandmother and considered her one of her best friends and most important influences. When her grandmother was still working out at the age of 99, Sky decided to take her camera to the gym and film the workout. A project was born — a documentary celebrating others who embraced active longevity. In “Lives Well Lived,” Sky chronicles 40 people from age 75 to 100 sharing secrets and insights to living a meaningful life.

To view the video clip, click here.

Click here to learn more about Sky’s documentary.

Bill Shafer: Sky Bergman has always seen things a little differently, and it’s helped her become an acclaimed photographer and a college professor. But she never expected what happened when she aimed her camera at a place where few want to look, forward, ahead in life towards advanced age. But it’s there she discovered a treasure, it was almost, she felt, like a map to the secrets of a life well lived.

“I always say that everyone has a story to tell if you just take the time to listen.”

Listen is what she did. But what she heard was priceless.

  • “A life well lived is accomplishing your goals.”
  • “Being happy, loving people and being peaceful within yourself.”
  • “I think what keeps me going is my own internal curiosity. People will say to me, “You’re so curious. And I think what’s important in life is taking chances and risking, facing new situations, learning new skills and not getting in a rut.”
  • “If you can say that, “I’ve made the world a better place because I’ve gone through it,” then I think that’s a life well lived.”
  • “Live one day at a time, tomorrow comes soon enough.”

She focused on the lives of 40 people, old in age and strangely compelling. Watching makes you wonder if you might be getting a glimpse of your own future, something Bergman first though about with her grandmother.

“When she was about ready to turn a hundred, I went back and filmed her working out at the gym. She used to work on her exercise and lift weights. And I wanna tell you, she didn’t start working out until she was in her 80s. So it’s never too late to start working out. She had a phrase, “Move it or lose it.” And she really lived that. So I thought, well, I better film her, because nobody’s gonna believe that at almost a hundred, she’s still working out at the gym. And just as a throwaway comment I said to her, “Grandma, do you have some words of wisdom?” And that was the beginning of this whole project.

A project that started Bergman down a path of unexpected twists and turns, fighting against the fallacy that increasing age means diminishing value, revealing a source of wisdom that’s there for all of us to benefit from, that instead we tend to isolate and ignore. “One of the things that I learned when I was doing the research for the film is that the last hundred years is the first time in human history that we’ve looked to anyone other than our elders for advice. We look at our cellphones. And you think about young people, they don’t necessarily have that connection of a grandparent, or an elder in their life to ask questions to. And I really feel the world is suffering as a result.”

Suffering is a recurring theme. Nearly everyone in the film talks of facing something unthinkable, fighting in war, fighting for food, the sting of racism.

  • “We were taken out of our homes. We had to leave everything. And we could only take what we could carry.”
  • The Civil Rights Movement.
  • “I would be on the picket lines all the time. And coping with separation, loss and death.”

The film reminds us that wounds don’t always show on faces. Yes, Bergman had stumbled onto something more profound than even she realized.

“It was not only about their words of wisdom, but also about the stories that they had, and the legacy that they had, and their history. And how they overcame some really terrible times in their lives, and still were such positive people. And that those stories really needed to be told.”

They’re stories that are fascinating on their own, but even more important for what they can teach us about ourselves. Stories we can use as an invaluable guide to help direct our own difficult choices as we move forward, if we open our lives to those who came before.

Just because somebody’s older, doesn’t mean that they haven’t experienced the same things you’ve experienced. In fact, they’ve experienced it and they might be able to give you some advice on how to move through life so that you don’t have to make the same mistakes.

  • “Don’t yearn for things, they don’t make you happy.”
  • “You don’t get lucky without working very hard for things. But inevitably, there’s something wonderful that will happen.”
  • “Don’t sweat the little things.”
  • “Marriage is like a rubber band, you can only stretch it so much.”
  • “Work a little less, spend a little less, enjoy life a little more.”

“I wanna live a life well lived. And so I want people that are role models for that, what can I look forward to? What should I be doing so that when I get to the end of my life, I feel like I’ve lived a life well-lived.”

A life well lived is what we all want. It’s why her film has made such a connection. You know, one of the things that I like to leave audiences with, is the words of wisdom from my grandmother, which is, she always said, “It’s always better to be kind than right.” And she lived her life just being kind to people. And what a better world this would be if we were all kind to someone. Be kind to everyone, enjoy life to the limits. I’m grateful for all I have and the love of God and my family, that’s it now.

Growing Bolder is Rebranding Aging® all across America by sharing the inspirational stories of ordinary people living extraordinary lives; men and women who are smashing stereotypes and proving that when it comes to living big, bold lives, it’s not about age, it’s about attitude.

 

Elderly mom died and left her money & assets to a friend that cared for her

Elderly mom died and left her money & assets to a friend that cared for her

“I can’t believe mum left all her cash to a friend who cared for her.”

Daily Mirror’s Coleen Nolan helped this struggling single woman who is ‘hurt and confused’ after her mum left her no money in her will but instead gave it all to her friend.

Daughter:

“Sadly, my elderly mum died a few weeks ago, but I was shocked and upset to find out she’d left what money and assets she had to a friend who had cared for her over the last couple of years of her life.

Of course I would have expected my mum to leave this friend something because she was so good to her, but not everything.

I’m a single woman and work hard to pay the bills, and my mum must have known that money would have helped me.

Also, it’s not just about the financial stuff – it’s the fact that she thought more of this woman than she thought of me. Well, that’s what it feels like.

Am I a bad person to feel this way when my mum died? It’s consuming my thoughts every day and I’m ­struggling to believe she actually did it.

I don’t want it to all be about money, but I feel hurt and confused.”

Coleen Nolan replied:

I don’t think you’re bad to feel this way and I understand you being shocked and disappointed, but I don’t think it’s going to help to dwell on it.

It was her money to do with as she pleased – she could have left it to charity but she chose this friend.

Perhaps she felt she wanted to give something back to this woman who had spent a lot of time caring for her.

I don’t think it means she didn’t love you and it certainly doesn’t mean she valued this friend above you.

In fact, she left you the things that really meant something to her – her wedding and engagement rings and other jewellery that was precious, and the family photographs.

Maybe there’s a message in that to you – this is what’s important in life: things that have special memories attached to them and to remind you of those important family relationships.

I think it’s hard for you at the moment because your grief is still raw, but hopefully, in time, you’ll be able to appreciate that she had her reasons for making these decisions.

I think bereavement counselling would also help you to come to terms with things.

To continue reading the rest of the article, click here.

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Shire offers assistance to Service Providers – Continuous personal development of staff servicing retirement villages, such as:

  • Carers
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  • Trustees

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Opinion: 10 retirement lessons from a retired retirement pro

Opinion: 10 retirement lessons from a retired retirement pro

Richard Quinn from Market Watch wrote on Dec 7, 2019: “Opinion: 10 retirement lessons from a retired retirement pro.”

For the better part of 40 years, I spent a great deal of time helping thousands of workers prepare for retirement. We ran seminars for workers and spouses on topics like retirement income, insurance, lifestyle, relocation and more. I think it’s fair to say that, if someone took advantage of the programs offered, they would have been well prepared financially and emotionally for retirement.

Sadly, relatively few workers utilized all that was available to them—this despite the support and urging of the unions that represented them. I retired in 2010, suffering in part from banging-your-head-against-the-wall syndrome.

Since then, I’ve learned a great deal more about retirement, both from my own experience and from others. Here are my top 10 lessons:

  1. No matter how well you’ve prepared and how generous your sources of retirement income, money is always on your mind. For some reason, I’ve found the financial “what ifs” still stare us in the face. Perhaps it’s because we know there are no do-overs and hence our financial resources are finite.
  2. I am convinced that, once retired, the ability to rebuild savings remains essential. You cannot handle a significant, unexpected expense from your main retirement savings without jeopardizing your financial future. That means you need emergency money, outside of your regular retirement plan, and you need to replenish that fund if it’s used.
  3. In the old days, we used to tell employees about the three-legged stool of retirement income: company pension, Social Security and personal savings. Today, the stool has different legs. For most Americans in the private sector, there’s no company pension and instead only a 401(k) plan. The new legs are now employer plan savings, Social Security and other savings. Since retiring, I better appreciate the value of having substantial savings, beyond what you accumulate in your employer’s plan.
  4. Maintaining your lifestyle isn’t as easy as it looks. After nine years, I’ve maintained mine. But that’s only been possible because of a measure of frugality, coupled with my goal of retiring with enough income to replicate 100% of my base salary, rather than the standard advice to aim for 80%.
  5. Inflation is real. For many people, health care spending, property taxes and rent will be the big inflation concerns. There’s no escaping inflation, so you need to plan. I would suggest having a pool of money that you leave untouched and allow to grow, until you need it later in retirement to offset increasing expenses.
  6. The transition to retirement isn’t easy. I found it very hard to let go of my professional life. For instance, I used to be invited to speak at conferences around the country, staying in top resorts. In a blink of an eye, that was gone.
  7. Busy or bored? It’s your choice. When I asked folks—who were about to retire—what they planned to do, typical answers included “play golf,” “fish” and “tinker around the house.” Those aren’t enough. But take heart: You’ll soon be busy. The question is, will you be busy doing what you want to do?
  8. Where did all the “friends” go? When you work with people for many years, your relationship with them might seem like it’s about more than just business. But when you retire, and you lose your authority and influence, it can feel like you dropped off the planet. Your true friends will remain. But your value to others will be gone—and so will they. Don’t be surprised.
  9. There is an old saying, “I married you for better or worse, but not for lunch.” When I announced I was planning to retire, my wife said, “Fine, but I’m not changing my activities.” She hasn’t and nor should she. When you add eight to 12 hours a day to the time you spend with a person, there’s an adjustment. Talk about it.

To continue reading the article, click here.

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Tips to help you retire when you want to

Tips to help you retire when you want to

Business Insider’s Liz Knueven writes about 8 pieces of advice to help you retire when you want, according to people who have done it, on the 5th February 2020.

To retire how you want, it’s crucial to plan ahead — at least that’s what these retirees from Business Insider’s Real Retirement series have found.

Retirement is more than just leaving work.

If you want to make sure that you’ll be able to retire when you want, retirees from Business Insider’s Real Retirement series have some tips from their own retirement experiences, from paying off your mortgage and other debts, to working with a financial planner.

Here are these retirees’ best pieces of advice for anyone who wants to leave work someday.

  1. Find a good financial planner and work on your equity allocation

When one of his friends tell him they’re thinking about retiring, Dirk Cotton’s first advice is to find an expert. “Find a good a retirement planner, because retirement planning is incredibly complex,” he said. “They’re extremely helpful and worth the investment, and it’s worth it to start talking to them in the years before you retire.”

He also suggests focusing on your investments. “The major thing that I would say is, 10 years before retirement, you probably want to end up somewhere in the neighborhood of 40% to 50% equity allocation,” Cotton, who retired at 52, said. He said this is one of the big things that helped him retire comfortably in 2005 and get through the Great Recession.

“I weathered that storm extremely well,” he said, crediting this advice. “A lot of people had 100% equities when they were saving for retirement, and lost over 50% in a very short period of time.”

  1. Make time for a yearly or quarterly retirement planning check-in

Bill Brown, who retired at 65, says one of the most helpful things he did was regularly set aside a few minutes to strategise. “I did this maybe once or twice a year,” he said. “You sit back and you mentally go through,

  • ‘How am I doing?
  • What could I change?
  • What should I change?’

And then, you alter it.”

Doing this helped him and his wife realize they could be doing more to cover themselves with life insurance and long-term care insurance. It helped them to focus on the bigger picture of retirement planning, and keep on track to retire on time.

  1. Start planning sooner rather than later

“I got a late start. From 33 to 43, those quarterly statements I got from a TIAA, I threw them away,” David Fisher, who retired at 65, told Business Insider.

“When I was in my early 40s, I opened one of my quarterly statements that I used to throw away. And I said, ‘Oh my goodness, I’ve got $30,000 to $35,000 in there. That’s my money.’ Then I became interested in retirement,” Fisher said.

If he could turn back time, that’s the advice he’d give to his 35-year-old self. “Invest early and invest as early as you can and put away whatever you can afford,” he said.

  1. Start maxing out your retirement accounts and live within your means

Corky and Patti Ewing never made more than what is considered a middle class income in their California home. In 2019, they retired comfortably thanks to strategic saving and investment decisions. Corky told Business Insider he’d advise anyone wanting to retire to “max out their retirement accounts, their 401ks or their IRAs.”

To do this, he continued: “I’d tell someone to live within their means, because you don’t have to try to keep up with your neighbors.”

  1. Prioritize your spending on experiences rather than things

Karen and Joe Stermitz sold their home in Washington to travel the world and live frugally after they retired in 2017.

“I would tell people just to be frugal. Things don’t bring you happiness, experiences do,” Karen said. She and her husband started a journey through South America in an overlanding vehicle in 2019.

“I don’t buy things; we don’t buy a lot of things. Get away from the focus of the things, and focus on experiences and living life,” she said.

  1. Own a home you can afford

“Our home is key to our retirement,” said Bill Davidson, who retired at 54. He and his wife Rose moved from Oregon to New Mexico after he stopped working to travel, live affordably, and be mortgage-free.

They chose to build an environmentally-friendly home, which reduces utility expenses considerably. “If you reduce your utilities to almost nothing, that means you’re living in environmentally friendly, energy-efficient lifestyle,” he said.

“Our home costs about $300 per month,” he said. By owning a home they can easily afford and moving to live mortgage-free, the Davidsons are able to spend more on family and travel.

  1. Keep your credit score up and live debt-free

“I did get a little good advice early on from my godfather about having perfect credit scores and never using credit to finance lifestyle,” said Fernanda Dorsey, who is now traveling the world with her husband, Jim, after retiring at 52. “Those pieces of advice were jewels,” she added.

“We’ve been basically following those two things, so we don’t have any debt. When we left work to travel, we had perfect credit scores, and that’s good,” she said.

To read the rest of the article, click here.

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An unusual approach to architectural design to help the elderly with mental problems

An unusual approach to architectural design to help the elderly with mental problems

Robertas Lisickis, BoredPanda staff member wrote in his article:

This Nursing Home For The Elderly With Mental Problems Took An Unusual Approach To Design

None of us can honestly predict what life will be like for us when we retire. While many spend their golden years doing whatever they always wanted to but never could, some aren’t so lucky.

The body grows weak and the risk of physical as well as mental illness increases significantly as the years go by. The time that many of us are prematurely planning to be spent finally writing that book or finally getting that hobby workshop set up may be cut short by things like Alzheimer’s or Dementia.

A nursing home in Ohio that takes care of many elderly people that are suffering from memory problems decided to rethink the traditional nursing home formula.

An assisted living facility in Ohio decided to break with tradition when it comes to nursing homes.

Lantern, an assisted living facility in Ohio and a number of other locations around the US, revamped their indoor spaces to look like an authentic neighborhood. The facility features living units that look like houses, equipped with porches and everything. There’s carpeting that looks like grass, ceiling lighting that mimics a partly-cloudy sky, and other decorative elements like street lights and garden-like flora.

Bored Panda got in touch with Jean Makesh, the CEO of Lantern and the man behind this idea. We asked him about the origins of this idea: “I simply wanted to address the pain. I always believed and to this day believe that if I don’t, who else will?”

He continued: “As an occupational therapist, a caregiver, a care provider, and a businessman, it is my responsibility to take care of my elderly clients and families. The design I have in all my communities are influenced by the elderly clients that I served over time and serve now. I made a conscious and a difficult decision to only listen to my elderly clients. They taught me everything I know today.”

Its “neighborhood” design aims to provide a healthy environment to the elderly with memory problems.

Besides the looks, the nursing home also strives to mimic the feel of the place by setting up ambient sound and smell. So, whenever the inhabitants leave their units, they are greeted by friendly bird chirping and the smells of the outside. This way, all of their senses are stimulated to feel as if they never left their homes to live in a nursing facility.

Makesh explained that the environment is key in dealing with memory illness and other typical mental problems of the elderly years. Alzheimer’s patients, for example, experience a great amount of confusion in elderly homes, so creating a more familiar setting helps to alleviate their struggles.

“As an occupational therapist, I was trained to approach everything scientifically. I researched every concept to ensure that my designs were scientific and had elements of science to support everything that my elderly clients taught me,” explained Makesh.

To read the rest of the article, click here.

The development of retirement villages is a specialist field and Shire consultants complete the standard professional team of developers who are planning or executing new retirement developments. To find out more about us, click here.

Redesigning Retirement for Longer Working Lives

Redesigning Retirement for Longer Working Lives

This article was written by Martine Ferland and published on LinkedIn on 23 January 2020.

The 2020 World Economic Forum (WEF) in Davos is winding down but earlier today I had the opportunity to participate in a unique Mercer WEF event focused on longevity called, “Redesigning Retirement for Longer Working Lives.”

Let’s be clear. Longevity is one aspect of a brighter future for the world’s workforce, so long as organizations and leadership gets it right. It calls for a change of mindset, adapted healthcare and savings programs, more opportunities for continuous learning and, of course, longer careers. It’s a chance for employers and experienced workers to embrace upskilling, reskilling and continuously adapting.

Today’s event was a novel workshop, very hands-on, with attendees discussing persona-specific solutions that will result in a post-Davos package of materials called, “Redesigning Later Life.” It will include today’s findings and provide a plan for testing and developing the solutions, and calls to action to enable them.

There’s no doubt that longevity is a serious social issue. Life expectancies are increasing globally, and children born today are likely to live beyond the age of 100. That’s 10 years longer than my parent’s generation, and nearly 20 years longer than my grandparent’s generation. It’s good that we’re having conversations about longevity at events like the WEF and back in our organizations, think tanks and policy offices, and even with our families. If you’re not planning for this kind of change – what it means, the different thinking and choices it requires, then you might be left behind.

Already, at many of our clients, the ratio of employees 50 years and older compared to the rest of the workforce has doubled in just five years – with people living and working longer, it’s clear much of our world will look much older in the years ahead.

In partnership with Mercer, the WEF examined data for retirement savings, including both government and company pensions as well as individual savings, from eight major economies. In the US, it is expected that people will outlive their savings by almost 10 years. When you look at Europe, the gap grows to 11.5 years, and in Japan it’s nearly 20 years.

Today, we heard from a number of large employers and policymakers in countries and industry sectors most affected by an ageing population. During the event, they crafted practical solutions to some of our identified personas. For example:

  • Discovering and tapping into ‘transferable’ skills to kick start moving to a more engaging career or starting a side business. This would extend the motive to work longer.
  • Taking on apprentices to jointly develop more sustainable and eco-friendly business models – sharing the later life workload and pressure.
  • Tackling stress at work and potential future health issues through accessible and comprehensive education around lifestyle – in order to protect health and wellbeing.
  • Building awareness for the self-employed, who often miss out on social security and other benefits through a lack of relevant and timely information.

To read the rest of the article, click here.

SA has only 3 psychiatrists specialising in old-age

SA has only 3 psychiatrists specialising in old-age

SA has only 3 psychiatrists specialising in old-age

This article was first published by health24 on 13 August 2018.

The WHO Global Health Observatory data estimates that there is one psychiatrist per 100 000 of the South African population, and even less (0.4%) in the State sector; this is a situation which is deemed grossly inadequate. By comparison, the United States and the United Kingdom have 12.4 and 14.6 psychiatrists per 100 000 respectively. Of South Africa’s 650 psychiatrists only three are specialist old-age psychiatrists.

Professor Felix Potocnik, of the South African Society of Psychiatrists (SASOP), says the trend of South Africa representing one of the most rapidly ageing countries in Africa, demands an awareness of the challenges and needs facing the elderly.

“We used to have five dedicated psychogeriatric units at our South African universities, but now there is only one, which is at Stikland Hospital in Bellville, Western Cape,” he says.

“Stikland Hospital is a public hospital and has the only HPCSA-recognised geriatric psychiatry unit and training facility in South Africa. The unit consists of three wards with a bed capacity of 77 (33 male beds and 44 female beds). It is over-subscribed with a waiting list exceeding several weeks. The reason for this is that the Western Cape has some 600 000 elderly of whom an estimated 40 000 (6.6%) are suffering with dementia.”

Growing older population 

South Africa’s elderly population is growing rapidly – but state mental health care is not adequate. About 30% of adults aged 60 and older will at some stage require medication to treat mental conditions.

The most recent population Census shows an increase from 2.8 million older people in 1996 (7.1% of the total population) to 4.6 million (8.1%) in 2017. Worldwide it is expected that the number of older people will surpass the number of children by 2045, and that the global population of people older than 60 will more than double – from 900-million in 2015 to 2 billion in 2050. By the end of this century, a third of the global population will be elderly.

Challenges of advancing age

Potocnik says greater reliance is placed on family, friends, social support groups, district clinics and regional hospitals to help with providing services for the elderly. In addition, medication is costly.

But why are the elderly at such risk of mental health problems?

Potocnik says the challenges one faces with advancing age create strong emotions such as sadness, anxiety, loneliness and lowered self-esteem. Coupled with physical and/or mental disabilities, it renders the individual more vulnerable and unable to engage in many activities in daily life.

“Older adults who are suffering from depression experience symptoms that disrupt their daily lives, resulting in withdrawal from social activities, friends and family and all the things that used to bring them joy. It’s important for family members to be vigilant and recognise any changes in behaviour and to seek help from medical and allied services.”

Multiple cognitive deficits

In South Africa, about 7% of the elderly population suffer from dementia.

Potocnik says dementia is usually a slow and progressive condition that requires specialised monitoring and treatment from a psychiatrist.

“While some element of forgetfulness accompanies one’s later years, it is important to realise that it is not a disability if you can still make rational decisions and get on with your daily life. Although the key symptoms of dementia include forgetfulness, in the earlier stages it is about multiple cognitive deficits that herald a decline in one’s ability to think abstractly and logically, to use language properly and to make sensible decisions.”

“The brain’s inability to function properly starts affecting every day activities. The person may present with an inability to keep their attention and focus long enough to meaningfully read a book, an article, or follow a TV programme. An artist might fail in the standard of their art, a person might incessantly fall asleep at work, or there may be a steady increase in pathological hoarding.”

Potocnik says that aberrations of mood are a very early sign of impending dementia. There is usually an underlying current of irritability, often accompanied by emotional outbursts. The patient may also present with relapsing bouts of depression or anxiety which become increasingly difficult to treat and contain.

‘Second childhood’

“The personality may change. This may range from subtle exacerbations of existing characters traits to uncharacteristic behaviour where, for example, a clergyman is found shoplifting, or businessmen making rash decisions quite contrary to their previous behaviour.”

He says memory loss among those suffering from dementia includes the inability to learn new information, losing items of value, and becoming lost in unfamiliar surroundings. In more advanced stages of memory loss, one may forget crucial details and dates as well as not remembering or even recognising family members.

Potocnik says in very advanced stages patients may not even recognise their own reflection in a mirror.

“Overall, the duration of dementia may be as short as six months, or exceed two decades. While the patient themselves rapidly lose insight and are unaware of any problems they may be causing, this ‘second childhood’ is extremely stressful for the caregiver. Their incidence of depression and other illnesses, need for medication, or even hospital admissions is double that of their peers. The caregiver looking after a dementing spouse has a six times higher rate of dementing themselves (12 times higher for male caregivers) when compared with peers where both partners enjoy normal mental health.”

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The valuation of Life Right occupation in retirement villages

The valuation of Life Right occupation in retirement villages

This article was first published on the 14th of March 2016 by PPE Valuations.

Retirement village developments can generally be defined as usually including a mix of independent living units (ILUs) and serviced apartments (SAs) with community facilities providing a shared congregational area for village activities and socialising (McAuliffe, 2010).

Very little has been published in South Africa on the valuation of retirement villages. The retirement village phenomenon is fairly new in South Africa with a recent history of not more than 30 years when the first Baby Boomers reached retirement age and available amenities (old age homes run by government and other “care” societies and groups) were found to be wanting. Developers saw a market to develop schemes tailor-made to suit the needs of middle- to upper-income retirees, and so the first privately owned and operated retirement villages, as a departure from the traditional retirement homes, were constructed. Since then there was an explosion in the construction of retirement villages.

Retirement village assets differ from traditional residential assets due to their operation in accordance with statutory legislation. Before one can determine the approach and method of valuation to follow, one must have therefore an understanding of the legislation and legal structure surrounding a property type and its ownership. Following is a short discussion on the legislation governing retirement villages as well as the legal structure of ownership, as envisioned by the legislation.

Legislation
Unfortunately, legislation does not always keep up with the pace at which the social landscape changes with the result that South Africa does not have any specific laws regulating the development of retirement villages per se as opposed to Australia and the USA where every state has its own Retirement Villages Act (Towart, 2013). There exist, however, an Act in South Africa known as the Housing Development Schemes for Retired Persons, Act No 65 of 1988, which tried to address issues regarding such schemes. Unfortunately the language used in the Act is in some respects obscure and the Act’s structure is cumbersome. The word “retirement village” is nowhere mentioned in the Act. And, yet, the Act offers substantial protection against a variety of risks to retired persons who invest in retirement schemes (Kilbourn, 2008).
Some definitions as set out in the Act is important in understanding the legal structure of the property interest.
The Act defines a “retired person” as someone who is “fifty years of age or older”. The purchaser of the housing interest need not be a retired person; anyone; regardless of age, may invest in a retirement scheme. In terms of section 7 of the Act, however, no person other than a retired person or the spouse of a retired person except with the written consent of all other holders of housing interests in the scheme may reside in a retirement scheme.

Section 1 of the Act defines “housing development scheme” as follows:
“any scheme, arrangement or undertaking-

  1. in terms of which housing interests are alienated for occupation contemplated in section 7, whether the scheme, arrangement or undertaking is operated pursuant to or in connection with a development scheme (read: sectional title) or a share block scheme or membership of or participation in any club, association, organization or other body, or the issuing of shares, or otherwise, but excluding a property time-sharing scheme; or
  2. declared a housing development scheme by the Minister by notice in the Gazette for the purposes of this Act;

“Housing interest” is defined as follows in the Act:
in relation to a housing development scheme (that is a retirement scheme), means any right to claim transfer of the land to which the scheme relates, or to use or occupy that land

“Right of occupation” is defined as follows in the Act:
means the right of a purchaser of a housing interest-

  1. which is subject to the payment of a fixed or determinable sum of money by way of a loan or otherwise, payable in one amount or in instalments, in addition to or in lieu of a levy, and whether or not such a sum of money is in whole or in part refundable to the purchaser or any other person or to the estate of the purchaser or of such other person; and
  2. which confers the power to occupy a portion in a housing development scheme for the duration of the lifetime of the purchaser or, subject to section 7, any other person mentioned in the contract in terms of which the housing interest is acquired, but without conferring the power to claim transfer of the ownership of the portion to which the housing interest relates

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Shire offers development consulting – assisting developers in the planning and execution of all key elements of new retirement villages. To read more about our services, click here.

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