About This Chapter
Finance & Aging - Chapter Summary
Expert instructors in this chapter closely examine the links between aging and income needs, expenditure patterns and more. Review the lessons anytime via any computer, smartphone or tablet with Internet access to boost your knowledge of these topics. Take short quizzes and a practice exam to assess your comprehension of finance and aging. If you have questions about topics covered in this chapter, be sure to submit them to our experts. When finished, you should be able to:
- Describe the income needs of older adults
- List expenditure patterns of working and nonworking older individuals
- Explain the impact inflation and fraud have on older adults
- Discuss the growing interest of the private sector in older consumers
1. Income Needs of Older Individuals
Older individuals may face financial challenges as they age. Learn about the sources of income available to people in late adulthood, discover the income needs of older individuals, and explore the devastating effects of poverty on older adults.
2. Expenditure Patterns of Older Adults
Expenditure patterns of older adults examines spending patterns in relation to age. Learn about expenditure patterns of older working adults vs. non-working older adults & the importance of expenditure patterns in the formation of public policies.
3. How Inflation and Fraud Affect Older Adults
Inflation and fraud affect not only the younger generations but also older individuals, as they are also consumers. Learn about challenges older consumers face, the impact inflation has on them, and different types of fraud that older adults can become victims of.
4. Private Sector Interest in the Older Consumer
The private sector is often quite interested in older consumers, and this contributed to Lyndon Johnson introducing the Older Americans Act. Learn more about the state of things before the Older Americans Act which influenced the administration on aging and Baby Boomers.
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Other chapters within the Sociology 103: Foundations of Gerontology course
- Basics of Gerontology
- Research Design for Gerontology
- Demographics of Aging
- Physical Health in Older Adults
- Nervous & Sensory Systems in Older Adults
- Muscular, Skeletal & Integumentary Systems in Older Adults
- Circulatory & Respiratory Systems in Older Adults
- Cognition, Attention & Memory in Older Adults
- Intelligence & Creativity in Aging Populations
- Mental Health & Lifespan Development Disorders
- Cognitive Disorders in Aging Populations
- Personality in Older Adulthood
- Mental Health Treatment for Older Adults
- Social Implications for Older Adults
- Interpersonal Relationships in Aging Populations
- Employment in Late Adulthood
- Leisure & Community Involvement in Retirement
- Political Issues for Aging Populations
- Death & Bereavement in Aging Populations
- Studying for Sociology 103