Elderly running out of cash by 75!

The fear is now that there is the possibility of the elderly running out of their savings by the time they reach 75.

This is fuelled by the government allowing those over 55 being able to draw on their pension, this is not an ideal scenario as there would be a financial shortfall if indivduals haven't been able to pay into their pension through not being able to find work.

The government however is going to help those over 50, by helping them to develop new skills. By developing these skills people of that age they will have the confidence to apply for jobs that they would not otherwise applied for,enabling them to be financially independent and extending their skills.

I have learnt new skills over the years of not working, but for myself it would good for this to be recognised, after all I would never think that I would be would be writing blogs and developing my social media techniques!

With social media it is important to get out into the cyber world thereby showing competence in that aspect. It is therefore important to have the ability to be able to adapt to a more technological world.

I digress, with the availability of new skills which the government is going to help us in applying for new jobs jobs and so therefore  we would hopefully not be in fear of running out of money by the time we are 75 and also we can use these skills in retirement and social media won't appear to be so daunting for people of that age.