Published On: Wed, Aug 16th, 2017

Dementia is our greatest concern say Britain’s over-55s with cash worries coming second


Concern of creating dementia is the most important concern of over-55s within the UK, analysis reveals

They’re presupposed to be the golden years of life, however for a lot of Britons the prospect of ageing is being overshadowed by rising fears concerning what their outdated age may very well appear to be.

The most recent analysis from shopper analysts Mintel reveals that the concern of creating dementia is the primary age-related concern for the over 55s. Greater than half — 56per cent — of UK shoppers aged 55+ say that one in every of their key issues for rising older is creating dementia, peaking at 59per cent of these aged 65-74. 

Well being, wealth and the prospect of relocation show to be the highest issues for the UK’s over-55 inhabitants as they get older.

Virtually half – 44per cent – of all over-55s are involved about creating sicknesses apart from dementia, 26 per cent are nervous about not having sufficient cash for the long run, whereas issues about having to maneuver right into a retirement dwelling had been cited by 1 / 4 (25 per cent) of over-55s.

Moreover, 18 per cent are nervous about loneliness and 15 per cent fear about being focused by fraudsters. However, highlighting that almost all of Brits are glad to develop outdated gracefully, simply eight per cent fear about wanting older. 

The onset of dementia proves the headline well being concern for the over-55s

Jack Duckett, Senior Shopper Life Analyst

Shining a highlight on simply how aggravating rising older has turn out to be, total, the overwhelming majority (92 per cent) of Brits over the age of 55 categorical concern over any of those elements. 

Jack Duckett, Senior Shopper Life Analyst at Mintel, mentioned: “The onset of dementia proves the headline well being concern for the over-55s. The sense of concern which enshrouds dementia arguably poses a really actual danger for shopper well being, because it threatens to forestall folks from turning into extra knowledgeable in regards to the situation. It might additionally imply that folks delay in search of a prognosis ought to they be involved that they’re experiencing potential signs.”

Though the proportion of shoppers frightened of creating dementia is comparatively constant between age teams, with 55 per cent of these aged 55-64, 59 per cent aged 65-74 and 53 per cent aged 75+ saying they’re nervous about creating the situation, there may be extra variation between completely different age subsets on the subject of different areas of concern.

For instance, whereas simply 11 per cent of over-75s say they’re involved about not having sufficient cash for the long run, this soars to 37 per cent amongst these aged 55-64.

Dementia riskGETTY

Greater than half of individuals over 55 are nervous about creating dementia

In contrast, for Britain’s oldest shoppers, it is shifting into residential care which is enjoying on their minds; 31 per cent of over-75s are anxious about having to maneuver right into a retirement dwelling, adopted by 26 per cent aged 65-74 and 19 per cent of these aged 55-64. 

Mr Duckett mentioned: “The over-55s are sometimes characterised as a financially very safe demographic. Nonetheless, this isn’t the case throughout the whole group, with many 55-64s experiencing stretched funds as they proceed to supply fiscal assist to their households. Moreover, as the common age of retirees continues to rise, the amount of cash wanted to assist retirement plans additionally grows, placing but extra pressure on present pension pots.” 

Brain scanGETTY

A surprising 92 per cent of these query had been involved about these concern

In the meantime, whereas some say that the older generations proceed to be stereotyped inside promoting as a conservative and conventional group with declining well being, that is at odds with the group’s personal notion.

Certainly, whereas 47 per cent of over-55s contemplate themselves ‘conventional’, 63 per cent view themselves as sociable, 48 per cent as wholesome and 40 per cent fun-loving, whereas 23 per cent even see themselves as adventurous. 

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