The vast majority (87.8%) of seniors polled in a recent survey try to maintain a healthy lifestyle, including one in six (16.7%) who are very committed.
A better quality of life is the most commonly cited reason for trying to maintain a healthy lifestyle among seniors (83.6%). More than half of seniors also cite enjoying retirement to the fullest (55.2%) and avoiding being a burden on others (52.0%), according to the Ageing Perceptions report published by the Australian Seniors Insurance Agency.
Many seniors use alternative medicines, including vitamins and minerals, and many are using them more now compared to when they were younger. Many seniors also claim to be healthier in their food choices now compared to when they were younger.
Some seniors feel pressured to keep fit for the sake of their looks and feel that the pressure is greater now than when they were younger. Many seniors also feel that there is more societal pressure on older people to look younger to stay employable. However, only a small minority of seniors have had or would consider plastic surgery or cosmetic procedures.
The large majority of seniors have uncertainties about their future financial security, with a common worry that with age comes greater risk of poverty.
More than half (50.8%) of seniors trust the system to look after them in retirement if required, although only one in 10 (10.2%) trust it completely or to a great extent.
The majority (68.4%) of seniors are preparing financially for retirement, particularly by saving (41.3%), spending less (30.4%) and investing in property (12.9%). However, close to one in three (31.6%) are not doing anything in particular to prepare financially for retirement.
Australian Seniors Insurance Agency was established in 1998 to provide cost effective insurance solutions for the mature Australian market. Find the full report here.