Part 2 of a 4 part study into independent living, and the role that personal alarms for seniors can play in helping elderly Australians continue to live safely in their homes for longer, explores the reasons why Australia is in this current crisis.
The study identifies two significant socio-economic factors facing Australian seniors and the Australian Government:
1 . Ageing & the impact on state support
Over the next decade there will be an increased number of Australians aged over 65 both in numeric value and as a percentage of the overall population. This will be a ‘double hit’ as the number of people requiring the increased levels of state assistance associated with senior living (e.g. sheltered accommodation, home help, etc.) will increase and the proportion of those in the workforce contributing to the economy will decrease. The level of Government funding available will reduce which means that those requiring assistance with living will have to find alternative methods of funding.
The study poses the very important question of ‘who will pay the medical bills when the baby boomers reach old age?’ Further, it suggests that the current crisis in health care and hospital waiting lists may well be early warning signs of a far more significant crisis to come.
2. Lack of financial preparedness for retirement
A recent white paper released in 2013 by superannuation industry giant REST Industry Super, and titled ‘The Journey Begins,’ found that 86% of Australia’s 5.5 million baby boomers are, in varying degrees, financially unprepared for retirement. 35% described themselves as being completely unprepared.
The study leaves you with the realization that if the Government is no longer in a position to support people in their retirements, and the average Australian is not financially prepared for the costs associated with supporting themselves as they get older, then there is a real gap in care and serious problems ahead for the country as a whole.
What can be done to allow people to live both independently and safely, but at the same time is affordable for all? The answer one would assume is personal alarms for seniors.
Find Part 2 of the study at http://www.personalalarms.net.au/
ABOUT BORA HEALTH.
Bora Health is an Australian, British and American owned and operated community focused company, providing elderly Australians and their families with access to the information, products and services necessary to support affordable independent living. It is the exclusive authorised distributor of the SureSafe Personal Emergency Call System; a non-monitored personal alarm (otherwise known as an auto-dialer or smart-dialer medical alert), telephone based medical alarm system for Seniors. Bora Health was founded in 2012 and is the exclusive approved personal alarm supplier to ASX listed aged care residential homes company Eureka Group Holdings Ltd. Bora Health also provides life saving personal alarms to numerous hospitals and Government facilities including pathology units and drug and alcohol outreach programs. This is in addition to thousands of satisfied consumers and their families, who have peace of mind knowing that help is just a push of a button away on their SureSafe personal alarm.
Bora Health also operate in the US and UK. See their websites below:
For more information on our study or how SureSafe alarms can help you, your loved one, your clients or your business, please contact Joel Groth.
Bora Health Pty Ltd
Bora Health Pty Ltd