The Impacts of aging on our financial, psychological and physical well being.

As an industrious individual, aging will certainly come between my productivity and the numerous investments which eventually translate to a decrease in an individual’s financial freedom. Studies indicate that aging in particular have particular impact on the saving rates and the demand for the investments funds. As we all advance in age we tend to consume the savings we made while actively working and while in business. Studies also indicate that, our financial capacity, which is the ability to manage one’s money and to meet the individual’s needs as well as matching one’s values is one of the first component and aspect of our body to be affected.

There is a relationship between mental state and physical performance; e.g. when we respond to a situation with a physical reaction, concentrate on a task and try not to let our nerves get the better of us, or simply do a job where we are under a certain amount of stress/pressure.The ability to relax mentally and physically is of great benefit to those subjected to worries and anxieties during the course of everyday life. Occasionally, these problems need to be dealt with by someone other than the person him/herself. On the whole, exercise increases general well-being, renewing mental energy and drive, which is where the expertise of physiotherapist is most beneficial. 

Psychological wellbeing and health are closely related, and the link may become more important at older ages, if only because the prevalence of chronic illness increases with advancing age. As life expectancy increases and treatments for life-threatening disease become more effective, the issue of maintaining wellbeing at advanced ages is growing in importance. Studies of older people indicate that evaluations of quality of life are affected by the person’s state of health, but the frequent finding that average self-reported life evaluation in the population increases with age suggests that psychological wellbeing is affected by many factors other than health. These include material conditions, social and family relationships, social roles and activities, factors that also change with age. There is a growing research literature suggesting that psychological wellbeing may even be a protective factor in health, reducing the risk of chronic physical illness and promoting longevity. It has also been argued that psychological wellbeing should be addressed in measures of health valuation, and be considered in health care resource allocation.

Research into psychological wellbeing and health at older ages is at an early stage. Nevertheless, the wellbeing of the elderly is important in its own right, and there is suggestive evidence that positive hedonic states, life evaluation, and eudemonic wellbeing are relevant to health and quality of life as people age. Health care systems should be concerned not only with illness and disability, but with supporting methods of improving positive psychological states. It is premature to contemplate large scale clinical trials to evaluate the effects of efforts to increase enjoyment of life on longevity; we do not yet know whether wellbeing is sufficiently tractable through psychological, societal or economic interventions to test effects on health outcomes. Much of our knowledge about psychological wellbeing at older ages comes from longitudinal population cohort studies, and sustained investment in these research resources is essential. Novel methods of assessing hedonic wellbeing and time use are enhancing our understanding of the processes underlying positive psychological states at older ages.

References.

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Stiglitz J. Report by the Commission on the Measurement of Economic Performance and Social Progress. 2009 www.stiglitz-sen-fitoussi.fr.

Seaford, Charles. “Time to legislate for the good life.” Nature 477.7366 (2011): 532-533.