Amid the grim realities of the ongoing COVID-19 pandemic, it is remarkable to see how these Canadians are embracing technology for a variety of routine activities. Paying bills, ordering food or groceries, socializing through video conferencing platforms, and exploring telehealth services; elderly Canadians are experiencing value, comfort, and safety in numerous virtual activities.
There are clear advantages to moving to a retirement or assisted living home where everything is done for you. You’re helped with dressing, cooking, cleaning and bathing. Many of these homes also have a doctor or nurse on site.
We live in the times of COVID-19, a deadly disease that has brought almost the entire global economy to a standstill. Countries across the world have gone into a complete or partial lockdown, with individual provinces and cities also declaring a “State of Emergency”.
Figures are similar in Canada, with 62% of people admitted to the ICU being aged 60-plus. There is no doubt that all Canadians, especially those ages 55+ should be staying home as much as possible, but social distancing can cause other problems.
With most of the world working together to try and contain the coronavirus, it’s hard to believe that some people are using it for their own gain. Fraudsters have been taking advantage of the fear, anxiety and uncertainty that many people are feeling during this crisis.
It really pays to take home safety seriously. Every year there are around 1.5 million visits to the hospital as a result of accidents.
Why is saving for retirement so important? Government pensions including Canada Pension Plan (CPP) and Old Age Security (OAS), are only designed to provide a small percentage of your retirement funds, so if you have no company pension, a personal retirement fund is essential to guarantee a financially secure retirement.
February is Heart Month across Canada, so HomeEquity Bank reached out to a leading personal trainer and nutrition expert who works with Canadians 55+.
There have been scams aimed at retirees for decades, but the Internet has brought a whole new wave of them. Phishing, malware, spyware and identity theft have all grown massively in recent years.