Billions of dollars are spent every year in North America by seniors hoping to reverse the impact of aging, or at least halt its steady advance, but according to an article in USA Today, retirement living seniors should be at least as concerned about their mental health as anything happening to their body.
According to Tamara McClintock Greenberg, a professor of clinical psychiatry at the University of California, San Francisco, stress over finances is causing significant problems among many seniors.
“I've got patients who are checking the stock market several times a day, they're so worried,” she told the news source. “There’s a lot of worrying.”
She said Baby Boomers and seniors alike are worried about their financial futures and the ability to pay for retirement, but for different reasons: Boomers are worried about losing their jobs, and seniors are worried about outliving their savings, as well as about the possibility that they may be asked to help support their children and grandchildren, as well.
Greenberg told the media outlet that despite the challenges, people need to set realistic goals for themselves, research the options available to them, and try to minimize the stress it has on them.
With the average life expectancy in North America reaching 80 years old, it is essential to know your options so you can enjoy many years in assisted living or retirement living.