Planning and preparing for later life
The latest report from the Centre for Ageing Better is ‘Planning and preparing for later life’, which summarises the available evidence on what enables people to plan for their later lives and what factors can present barriers to planning.
Later life can be a great period of our lives, but we need enough money to live on, people to rely on and a suitable home to live in. Planning ahead could make it more likely that we enjoy a good later life, including things like saving for retirement, taking action to try to stay fit and healthy, and working out whether we need to adapt and make our homes accessible as we grow older.
Our research found that while a number of barriers exist, planning and preparing for later life is both possible and likely to be beneficial. While it’s not a silver bullet, there are plenty of things that can be done ahead of time to try and ensure we have a good later life.
Focusing primarily on those in mid-life, the research aimed to answer three key questions:
- Who does or doesn’t plan for later life in mid-life onwards?
- What enables or prevents people from planning for later life?
- What can be done to encourage more people to overcome the barriers to planning?