Economics and the Role of the Retiree 
Economics and the Role of the Retiree
Diedre Brown
HCS 557
March 9, 2015
Dr. Lorraine Jackson
Economics and the Role of the Retiree
The significance and understanding of aging is influenced by many factors both social and cultural. These factors influence and shape how we will live out our senior years. The decisions we make concerning the aging processes determine how our senior retirement years will be spent, and the type of life style we will be able to have. By looking at the current economic environment and recognize any significant events that have changed the traditional path taken from working to retirement in America we can plan for our future senior years and retirement.
How have the changing economic environment influenced the role and quality of life for older adults? The role of the older adult has been changed and the younger generation has made adjustments to accommodate for their future financial plans. As a nurse these economic changes have affected the nurse’s planning for retirement, but with a few alterations to the retirement plan extra income can be made for the future retirement plan. The five phases of retirement and the way those phases effected the retirement plans for a nurse will influence the results of the retirement plan for the retiring nurse. It is important to start planning as early as possible to save for retirement is so that a person can live within their financial plans. The older adults are optimistic about retirement, but may not have sufficient plans. For many it will not be sufficient in preserving their standard of living because they did not take the responsibility to plan and save for their financial security (Quadagno, 2011).
Phases of Retirement
Retirement is often seen as an event, but it is actually a process and a life stage. As a result of research by Robert Atchley, he has developed six descriptive phases of retirement that represent a transitional process individuals go through when they permanently
Diedre Brown
HCS 557
March 9, 2015
Dr. Lorraine Jackson
Economics and the Role of the Retiree
The significance and understanding of aging is influenced by many factors both social and cultural. These factors influence and shape how we will live out our senior years. The decisions we make concerning the aging processes determine how our senior retirement years will be spent, and the type of life style we will be able to have. By looking at the current economic environment and recognize any significant events that have changed the traditional path taken from working to retirement in America we can plan for our future senior years and retirement.
How have the changing economic environment influenced the role and quality of life for older adults? The role of the older adult has been changed and the younger generation has made adjustments to accommodate for their future financial plans. As a nurse these economic changes have affected the nurse’s planning for retirement, but with a few alterations to the retirement plan extra income can be made for the future retirement plan. The five phases of retirement and the way those phases effected the retirement plans for a nurse will influence the results of the retirement plan for the retiring nurse. It is important to start planning as early as possible to save for retirement is so that a person can live within their financial plans. The older adults are optimistic about retirement, but may not have sufficient plans. For many it will not be sufficient in preserving their standard of living because they did not take the responsibility to plan and save for their financial security (Quadagno, 2011).
Phases of Retirement
Retirement is often seen as an event, but it is actually a process and a life stage. As a result of research by Robert Atchley, he has developed six descriptive phases of retirement that represent a transitional process individuals go through when they permanently