Economic Status in Aging

Economic status in aging refers to the financial resources and overall financial well-being of older adults. It includes factors like income, savings, assets, and access to resources needed for daily living and healthcare. As people age, their economic situation can change due to retirement, health expenses, and changes in employment. A stable economic status helps ensure that older adults can meet their basic needs, maintain quality of life, and access necessary healthcare and support services. Understanding this status is essential for addressing issues of poverty, planning social services, and promoting healthy, secure aging.