AGING AND RETIREMENT
Variation in income among the older is reflected by the source of income. Others having low income, median, and high income.t the main source of income include personal savings, investments, retirement pension, and social security. Most older adults receive social security, for example, upon leaving the workforce one is entitled to work pay. About 41% of older adults receive income from the money private retirement pension. Less than 18% receive income from public firms. Two-thirds of the older get income from selling their assets. For example, land, vehicle or machines. Less than 13% get income from public assistance. The older people of lower-income get most of the income from social security.
When planning for your retirement the following factors are considered to be the most important housing, transit is an important factor as most older people don’t want to travel on public transit, healthy and security. Housing is an important safety particularly to those who don’t want to live in traditional housing. Heathy is the mental and fundamental well-functioning of the adult. Upon retirement, most chose to stay in their homes. Staying with grandchildren and the neighbors in what most elders prefer doing.
Ensuring satisfaction in the old age joining programs and associations such as social security, which provide salary for lower-income adults. Medicare programs also provide health insurance for lower-income individuals. The healthcare organizations and experts help the older in choosing the policy and the program and even how to find them. the ADA law provides civil rights to people with disabilities. Different policies affect a different aspect of life covering beneficial programs. social supportive and nutritional services are provided by the Aging network via OAA.