If you or a loved one is experiencing a loss of independence, you may be able to maintain a sense of control.
Few, if any of us, look forward to losing independence. In fact, research reveals that 75% of older people feared losing independence while only 29% feared dying. It also revealed that 44% were worried about moving into an aged care facility.
Whether a physical, social or emotional reason prevents complete independence, it generally brings a sense of loss.
As people age, their loss of independence can stem from physical and mental changes, and social and emotional effects that dramatically alter day-to-day life.
For example, physical changes like diminishing vision or loss of hearing can interfere with the performance of simple tasks such as driving, walking long distances or communicating in general. Mental impairment can cause loss of ability to perform everyday tasks and become forgetful.
Such changes increase the need for help from others and add to feelings of dependence and inadequacy, while lowering confidence and stopping some from participating in enjoyable activities. The overall impact can increase feelings of frustration, anger, guilt and isolation.
Adding to the burden may be well-intentioned loved ones who place restrictions on the person losing independence out of concern for their wellbeing. And the need to accept help often reinforces feelings of helplessness.
We all have a common need to retain some sense of independence and dignity while feeling we are making a valid contribution.
Some people facing a loss of independence may have previously been quite dependent on others—perhaps never holding a driver’s licence and relying on friends and relatives to drive them around.
But for many, a newfound dependence on others can be quite difficult. The more capable and independent a person was in the past, the greater the loss experienced.
If the loss of independence is getting you down there are also support services available like Beyond Blue (1300 22 4636) and My Aged Care (1800 200 422).
If you or a loved one is experiencing a loss of independence, you may benefit from AMP’s education module – understanding aged care.
But before deciding on a solution, seek the advice of your health practitioner, we can also assist you to understand all of the financial options available. Start a conversation with us today.
You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Futuro Financial Services Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website
Steve May, Luke Styles and May Wealth Pty Ltd T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Futuro Financial Services Pty Ltd ABN 30 085 870 015, Australian Financial Services Licensee, Licence number 238478. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guide and business/adviser profiles.
May Wealth Pty Ltd ABN 71 612 234 518 trading as Steve May Financial Services is a Corporate Authorised representative of Futuro Financial Services Pty Ltd ABN 30 085 870 015, Australian Financial Services Licensee, Licence number 238478.
Steve May and Luke Styles are Authorised Representative’s of Futuro Financial Services Pty Ltd ABN 30 085 870 015, Australian Financial Services Licensee, Licence number 238478