It’s a happy thought that we’re all living longer. But it also means Australia is facing an ageing population. Over the past ten years there’s been a staggering 26 per cent rise in people aged over 64 and the trend is continuing.
With the baby boomers’ generation fast approaching retirement, there are all manner of social and financial implications. The reality is that more and more people will become dependent on care services, with much greater competition for the available resources.
On top of this is the increase in health conditions which require care. It’s something that few of us like to think about, but should all be planning for. Today 110,000 Australians are identified as suffering from dementia or Alzheimer’s – 1 per cent of all 65 to 69 year olds. The proportion increases to 28 per cent of centenarians.
If you, your partner or parents were affected, would you be able to provide the proper support? It’s why planning for your future has never been more important.
As one of the most trusted names in retirement income, Challenger can help you prepare financially for whatever the future holds.
From lifetime annuities to fixed rate managed funds there are options to suit all circumstances. And if you’re thinking about aged care, it’s worth considering Challenger’s Care Annuity.
Whether you’re thinking long term, or reacting to a life change, you can turn to Challenger to provide suitable investments which will give you financial security in retirement.
And if you or a loved one is near to entering aged care, the Aged Care Advice Helpline can provide you with the information you need to make informed decisions. For more information, call the helpline on 1800 193 937 or visit Challenger’s dedicated aged care website.
Australian Bureau of Statistics, 2012, Australian Social Trends, cat. no. 4102.0,
Australian Bureau of Statistics, 2008, Population Projections, Australia, 2006 to 2101, cat. no. 3222.0,
Disclaimer: Issued by Challenger Life Company Limited (ABN 44 072 486 938) (AFSL 234670). All financial advice is provided by Money Solutions Pty Limited (AFSL 258145).