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Hello everyone and welcome to another episode of Erickson TV. Curtis here with Lauren, hello
Lauren. Hey Curtis, hey everybody. So Lauren as you recall last week we talked
about a survey done by USA Today about some regrets that people 60 and over had. Right.
Now the interesting thing is they kind of followed up with some additional questions.
So these are the same, 60 year old or older people. The sub-text was that, 89% of the
older adults are confident that they can maintain a high quality of life throughout their senior
years. Okay. So they're actually very positive and optimistic. The sub-text of that in USA
today was the surveyor said they're either optimistic or delusional. They say that 89
percent of them are very optimistic. They say that they do have some worries about health
and maintaining health, but they're very positive that they are going to be able to maintain
their quality of life. And up to 41 percent in the survey said that they had some type
of age related illness however, they have developed the means of coping with the illness
in such a way that they can still live independently and maintain a relatively high quality of
life. The other thing that was interesting was that
they talked about the home they are currently living in. 78 percent of the people surveyed
said that their current home meets their needs for the rest of their life. 75 percent said
that they feel like they will be able to live independently in that same home. Basically
all the good things like they have good memories in that home, their home is in a good neighborhood
and they are able to stay close to friends and family.
So, the takeaway is that even though there was a high percentage, 45 percent in the last
survey said that they regret they don't save enough money or didn't save enough money,
89 percent of them are very optimistic about the future. Right. What's your takeaway?
Ya, so this is something that I have talked about a lot before. Curtis didn't discuss
this article with me before by the way but, we suffer more from thinking something bad
might happen than we suffer if something bad does happen. You noticed that 41 percent of
them said they had an age related illness, but they said their coping with it. See once
you just have it, now the change has happened, now you just do something to cope with the
change. You know the 45 percent that regretted that they didn't save enough for retirement,
nearly all of them have simply with coped with the change. Right, they dealt with it.
They dealt with it so it's over now and there's no point in worrying about that in the future.
Certainly their quality of life could be higher if they save more, that's why they regret
it. Right. Certainly now they would be able to go on the trips that they wanted or they'd
be able to see their kids more or whatever it is that they want to do. But since it's
happened, there's really no point in worrying about that anymore so now they sort of just
move forward. But this is also what makes investing so difficult. You know something
bad could always happen with investing. Right. There's always that, "something bad might
happen". Right. But it doesn't surprise me that on the one hand, people would regret
not saving money and on the other hand, the same people would be very optimistic that
they could maintain their quality of life, because they've already adjusted to the new
quality of life. Right. So that's that. And this kind of fits in well with, to kind
of end this episode, they talk about the baby boomers who have now reached retirement age,
they're the best educated and actually much more physically fit with physical fitness
and diet. So the predication is, that there's going to be continually an increase in longevity.
Oh right. So they think that people who are maybe age 70 now, compared to maybe even two
or three decades ago are feeling a lot better. Right. They feel younger than their years
so that's leading to this optimism. That's right.
Well thank you for watching this episode of Erickson TV, we'll see you next time. Bye
now. See you next time.