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When’s the perfect age to retire?

When is the best time to retire? It’s never an easy decision as there are so many factors to take into consideration – finances, health, family, etc. Even when you do decide, there can sometimes be a nagging doubt that you might have been better off doing it differently.

UK’s Engage Mutual Assurance did a survey last year of 1,500 people (average age of respondents was 59) to find out the answer. Most people (93 percent) agreed that retirement should happen after the age of 50. The answer that most people gave as the perfect retirement age was 60. Said Engage Mutual, “This fits with the current retirement age for women, but is younger than that for men – and significantly out of step with Government plans to raise the retirement age to 67 by 2028.”

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Living to 120 & beyond

If new medical treatments could slow the ageing process and allow people to live decades longer, to at least 120 years old, would you want to have the treatments? A survey done recently by the Pew Research Center, a US non-partisan fact tank, finds that most Americans (56 percent) say “no” – they, personally, would not want treatments to enable dramatically longer lives. But roughly two-thirds (68 percent) think that most other people would choose to live to 120 and beyond.

The survey explores the public’s attitudes toward ageing, medical advances and what some biomedical researchers call “radical life extension” – the possibility that scientific breakthroughs someday could allow people to live much longer than is possible today. Overall, more Americans think dramatically longer lifespans would be bad (51 percent) than good (41 percent) for society.

Asked how long they ideally would like to live, more than two-thirds of US adults (69 percent) cite an age between 79 and 100. The median desired lifespan of survey respondents is 90 years – about 11 years longer than the current average US life expectancy, which is 78.7 years. Just nine percent of Americans say they want to live more than 100 years.

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Technology a hindrance in ageing at home

Philips and the Global Social Enterprise Initiative (GSEI) at Georgetown University’s McDonough School of Business in the US released a survey recently that found both baby boomers and Generation X (Gen X and those born from 1965 to 1976) place high value on technology as they age. However, 95 percent believe today’s technology needs to be better developed to help them successfully age at home, or age-in-place, for as long as possible.

While 73 percent of boomers and Gen X surveyed want to age in their own home, they believe they will have significant barriers to achieving this through the aid of technology, such as access and adoption, cost, privacy, complexity of use, product integration, and public policy.

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Packaging in an ageing population

With a growing ageing population around the world, things like packaging need to be re-looked at to accommodate this change. Ageless Voice speaks Dr Liz Wilks, European Director, Asia Pulp & Paper (APP), one of the largest pulp and paper companies around the world, to get her perspectives:

The Heinz Tomato Soup from the UK showcases the easy open ends/ring pulls which were introduced in 1999 and are ideal for a growing ageing population.

Can you share how a growing ageing population is affecting packaging?

Europe’s population is undoubtedly ageing, the EU’s latest projections show that the over 65s will make up nearly a third of Europe’s population by 2060, up from 17.5 percent in 2011, according to Eurostat. This is both a challenge and an opportunity for the packaging industry. We know that ease of opening is a growing issue, especially for the older generation.

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Men happier in retirement than women, more financially secure

It’s official – men are happier in their retirement than women. A new study of 678 retirees commissioned by Skipton Building Society in the UK explored all aspects of retirement and found that for men, the twilight years are amongst the best of their life.

 

Women worry in later years

According to the study, 48 percent of men thoroughly enjoy their retirement including getting their teeth into new hobbies and interests, and are happy to spend time chilling out at home, compared to 38 percent of women. The women are more likely to spend their later years worrying about their lack of income, and feeling frustrated at the need to watch every penny. They are also more likely to feel lonely in retirement, wishing they lived closer to their family. The survey showed 32 percent of women feel lonely, compared to a fifth of men who say the same – the average man is happy to socialise with his closest friends regularly.

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