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How Covid-19 Will Change Aging and Retirement

WSJ Original article ›
LyrArc Article Gist
After the coronavirus pandemic the whole picture of life in retirement and aging is expected, says this report in WSJ. 

Retirement homes are not viewed as a good place and about 30% of these homes in the U.S. are expected to close with financial difficulties. Most people will now work longer and continue to live at home. Telemedicine and other technology will help make this possible. Experts say most people will age and stay at home and financial incentives will be given for this to happen. 

Aging will also be seen differently because of the resilience of older people during the coronavirus. People will be seen as productive and living a full life well into their seventies and eighties. Community services will expand. Government services including under Medicaid will consider that it is less costly to stay at home than in long term care facilities and provide financial coverage for caregiver or homecare aides help at home. Many new services and technology assisted services are being planned with a focus on older people and living productive lives, as America and Europe other countries shift their focus to this group.

After coronavirus people are also looking to spend their years in a productive way, to do things that really matter and add meaning to their lives.. How to spend the next 10-20 years in the most meaningful way.



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