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The New Caring
Author(s) -
TILSE CHERYL,
WILSON JILL,
SETTERLUND DEBORAH,
ROSENMAN LINDA
Publication year - 2007
Publication title -
annals of the new york academy of sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.712
H-Index - 248
eISSN - 1749-6632
pISSN - 0077-8923
DOI - 10.1196/annals.1396.015
Subject(s) - business , asset (computer security) , asset management , population ageing , longevity risk , health care , population , finance , public relations , economic growth , economics , medicine , pension , political science , environmental health , computer security , computer science
: Increasing longevity and the growing proportion of the aged in the population in most countries have served to focus on the question of how governments and older people can finance living, health, and care options in retirement. Prudent management of income and assets is an increasingly complex and important aspect of aging as assets and expectations of self‐financing increase. Although many informal caregivers act as asset managers and/or substitute decision‐makers for older people, little attention has been paid to this increasingly important aspect of care. This paper summaries key findings of a broad research program exploring family involvement in the management of older people's assets and the practices that constitute good practice as well as financial mismanagement and abuse. It identifies multi‐level and multi‐strategy responses needed to address the issues raised by the research and outlines an innovative community demonstration project aimed at improving financial management practices in relation to older people's assets.