UBER HAS CHANGED THE WORLD. NOW IT’S CHANGING AGING, TOO.
With the proliferation and constant evolution of smartphones, apps and artificial intelligence, technology may be able to answer many people’s fears about aging. Hartford Funds’ John Diehl, Senior Vice President of Strategic Markets, uses research from the MIT Agelab to explain why financial advisors should teach clients about how technology can help them as they age.
What are some of the common desires of retirees as they age?
Most people desire to maintain their independence as long as they possibly can. Being able to access and participate in the things that make life worth living defines our quality of life as we age. The possibility of age-related physical limitations can incite anxiety around staying social and sharp, keeping up with the demands of home maintenance, and being able to age at home safely and comfortably.
How can technology help solve age-related challenges?
In many ways, technology can help retirees live independently. The new, on-demand, sharing economy makes information and services available 24/7, while thousands of apps can be downloaded to make it easier and more convenient to complete just about any chore, regardless of age! For example, rideshare apps make it possible to request door-to-door transportation at any time, subscription services can ensure groceries — or even ready-to-cook meals — are delivered regularly, and home resource sites can pull a curated list of crowd-sourced service providers for any maintenance need. Whether from a social,
In what ways can technology increase safety?
In addition to healthcare apps that make it possible to remember doctors’’ appointments and medications, keep track of daily nutrition, and reach out for help in the event of an emergency, a new array of devices can make it easier for your aging clients to live at home and on their own. Homes can now be outfitted with features such as sensors that can monitor movement in the home; stove cooktops that time out and turn off if left on too long; toilets that can measure weight and vitals; and smart appliances, light fixtures and thermostats.
Why should an advisor teach clients about these technologies?
Advisors who provide information on these services and devices and actually show their aging clients how to use them will demonstrate to their clients that they understand some of the issues that they may be facing and are a source of ideas about how to manage such situations. educational or safety perspective, chances are that an app exists to answer the demand.