Senior citizens fear delay in social security checks

July 18, 2011 by · Leave a Comment
Filed under: Senior Living 

assisted living 1Delay feared for social security checks

The debate on the nation’s debt has left its senior citizens worried after President Obama announced that he cannot assure social security checks to be mailed on 3rd August.

Obama made this statement in front of the reporters on last week, leaving the senior citizens of the country in a state of alarm; unsure of how they are to cope.

If we don’t get our social security checks, we don’t get to pay any of our bills,” said a resident of Nashville, Dorothy Cunningham.

She added, “It pays the utilities, the rent, the groceries, and prescriptions.

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Banking group create new account for senior citizens

July 2, 2011 by · Leave a Comment
Filed under: Senior Living 

Senior citizens get new accounts from banking group

With the intention of meeting the financial needs of the ever increasing senior citizen population, the Synovus Financial Corp have announced that they are to set up a selection of bank accounts designed specifically for seniors.

Nursing homes, assisted-living facilities and senior communities can all benefit from the new accounts, which have been created especially for seniors and senior facilities.

Synovus is offering the accounts under the company name the Senior Housing Group.

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Minnesota Department of Commerce steps in to protect senior citizens

June 21, 2011 by · Leave a Comment
Filed under: Senior Living 

Financial abuse targeted as Department of Commerce intervenes

With the growth in the population of senior citizens, the Minnesota Department of Commerce has recently announced its venture to protect its senior citizens from investment fraud and other financial scams.

The Elder Investment Fraud and Financial Exploitation Prevention Program has been established as an effort to identify senior citizens who are vulnerable to investment fraud. Seniors are initially identified by medical practitioners, who then refer them to Adult Protective Services (APS).

Medical research shows, more than one third of Americans over the age of 71 suffer from Alzheimer’s disease or mild cognitive impairment (MCI), making it more importanrt than ever to identify and protect vulnerable seniors.

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A Quote about Aging

"Almost all my middle-aged and elderly acquaintances, including me, feel about 25, unless we haven't had our coffee, in which case we feel 107." - Martha Beck

Stats about Seniors

senior living chart

Source:aoa.gov

Seniors graph

Source:payingforseniorcare.com


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