...WESTMOUNT RETIREMENT RESIDENCE The Case: Costing analysis and pricing schedule. The Company: Westmount Retirement Residence (WRR) was established in 1997 as 125 unit retirement residences. It is located in London, Ontario. The Issue(s): A pricing model that reflected both the size of suite inhabited and the level of medical care and service required by each individual patient. The Analysis: WRR has 75 studios of 400 sq ft each, 35 one bedroom apartment of 500 sq ft each and 15 two bed room apartments of 600 sq ft each. It is facing increased local competition from three competitors (Exhibit-3). WWR targeted residents over the age of 75, which was further divided into segment of independent supportive residents and second were assisted living residents. WWR employed 31 employees and in addition 15 student were acquiring clinical and managerial experience. The administrator is not clear on how much each service offered was truly costing, and therefore charged each resident the same price per month regardless of their needs. In the past, the majority of patients demanded similar services, and therefore this pricing and costing system was appropriate. However, with demographic changes to the population, some residents required intense medical care, while others were healthy and fit and required less care. Its competitors like Chelsey Park Retirement Community offered patients with intense medical assistance purchase of nursing and medical support while...
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...Age Segregation and Old Homes. | Divided Cities | 5/18/2013 ‘Old age is the most unexpected of all the things that can happen to a man’. -LEON TROTSKY Life cycle changes over time as a person grows old. He passes through different phases of life and gets opportunity to experience changing situations in life. There come situations when a person feels fortunate to have a great life whereas, all the same, situation arrives when a person is made to have worst experiences of life. He is made to feel alone, socially isolated or segregated in the society. Sometimes, there comes a situation, when the houses, which were typically considered to be large and spacious, motivate its residents to consider other housing options. My research, basically revolves around the people who choose to live in old homes. My research question is based upon their perspective about this residential segregation and the bonds they have developed within themselves in the old house. I also tend to disucuss the reasons behind choosing such an institutional living. Literature review. Old age segregation is highly debatable topic and a lot of literature is existing which highlights different perspectives of such segregation. TIME TO MOVE?A LITERATURE REVIEW OF HOUSING FOR OLDER PEOPLE by franceska Richard and Gill Walker, looks into the social context of housing for aged ones. It covers the demographic material, facts about social framework of housing for older people. This includes a review of demographic...
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...Design for Elderly Friendly Nurul Hidayah Ahmad Alemi SYS 705 Advanced Interaction Design Universiti Teknologi MARA nurul0903@yahoo.com Abstract—A number of senior citizen population or elderly people increased every year. There are many difficulties and weaknesses involve as we get older such as cognitive disabilities, memory decline, poor vision, thus the assistive technology nowadays should follows some design specification that suitable for an elderly to satisfy and simplify their everyday life needs. Hence, this paper attempts to discuss about the issues, concept, applications and design for elderly friendly in details. Keywords—Elderly: Assistive Technology: Design for Elderly. II. ISSUES In the past few years, people assume elderly pathetic, poor and unfortunate also useless. They have been national development and nation. On the other hand, designer should follow some design guidelines on how to design the assistive technology or application that suitable for the elderly depending on their type of impairment or disabilities. considered not so important in the community. Nowadays, community realize that the elderly should involve or participate in the social and community activities as they had a lot of knowledge, experience and I. INTRODUCTION Elderly is defined as aged 60 years and above. The number of older people is rapidly increasing in Malaysia and also in developing countries [1],[2]. The rapid wisdom that can be shared to give some ideas in the requirement...
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...feel like they are based on the same principles because social security is Work Related and enables economic security for workers and their families is based on their work history. Entitlement to benefits and the benefit level are related to earnings in covered work. Benefits are an earned right and are paid regardless of income from savings, pensions, private insurance, or other forms of no work income. How much a person gets and under what conditions are clearly defined in the law and are generally related to facts that can be objectively determined. 3. Do you think workers should be permitted to invest all or part of their social security taxes into a personal retirement account? I do think that workers should be permitted to invest into a PRA because it would let the\m save and invest for their retirement and provide workers with a property right to the funds contributed into their accounts and reduce dependency on the government. 4. How does social security affect the economic well-being of blacks relative to whites and Hispanics? According to statistics blacks have a shorter life expectancy than whites and Hispanics, blacks are more likely to pay a lifetime into social security and see little of it. Hispanics have an above average life expectancy and therefore derive a higher return rate than both whites and blacks. Blacks also have a lower return rate due to their shorter life expectancy. 5. Does the current social security system promote income equality...
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... stores are targeting the business furni ture market. Identify and evaluate t\\OOonline leases apartments, sells condominiums, a provides housekeeping, basic utilities, cab television, and recreational activities for its re stores that sell business furniture, Briefly sum marize your findings. idents. The retirement village is locally owne and managed; however, a residents' advisor board has Significant input when changes ~~o. /::5:h. :2. Hoosier Burger The Hoosier Burger project development team recommendations to the retirement village a contemplated. has met several times with Bob and Thelma Mellankamp. During these meetings, Bob has stressed the importance of improving Hoosier Golden Age Retirement Center's manager Mary Lou Tobias, has recently approached y for help with the retirement center's outdate Burger's inventory control, customer ordering, and management reporting systems. Demand for information system. Currently, the retirement office has five employees, including Ms. Tobia Hoosier Burger food is at an all-time high, and She explains that all data concerning residents this increased demand is creating problems for financial matters, suppliers, employees, an Hoosier Burger's staff, creating stock-out prob lems, and impacting...
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...Getting and Staying Active in Later Life On the occasion of International Day of Older Persons, ASM ATIQUR RAHMAN discusses the plight and prospects of ageing in 21st century Bangladesh. Old age is neither a disease nor an individual problem; rather, it has become a worldwide challenge that must be addressed globally. "Later life" is unavoidable, inevitable, universal and excessively troublesome. No one can stop the process of ageing. The quality of life and the rate of ageing both vary considerably depending on a number of factors such as education, occupation, purchasing capacity, lifestyle, food habit, residential location, belief and culture, etc. Surprisingly, ageing takes place within the context of family members, kin, neighbours, friends, work associates and the state. Lifelong preparations, making intergenerational linkages, using appropriate technology, developing right-based societal relationships, upholding religious values at the personal level, political commitment and governmental undertaking at the macro-level can help ensure a healthy ageing and active later life. Policy responses to ageing until now have tended to focus only on the provision of medical care and income security for older persons, which remain important but have been inadequate compared to the rate of ageing occurring now and projected to intensify in the coming decades. Population ageing is a by-product of scientific development in human societies bound to remain a dominant social...
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...deficit as this huge fund is utilized. “Social Security is a trust fund composed of special bonds that are issued by the federal government for any excess money taken in by the system and that pay interest at the going rate. These bonds are obligations of the US government as much as any other bonds it issues. They are part of the national debt. These assets are IOUs for the money the federal government owes all present and future Social Security retirees” (Durigan, 1994) . This means like any other bond, Social Security is affected by the economy. A deficit will increase the bond price and during a surplus the bond price will drop. Although this is normally expressed by the retirement age. As Social Security is depleted, the age to cash in full Social Security benefits increases. Eventually the retirement age will be so extreme that it will be impossible to receive benefits in a lifetime. Future UoP Student Everyone who goes to college, unless incredibly lucky, has at some point taken out a loan in order to help finance the cost of education. Loans are subject to bank interest rates due to the Fed. Although the Fed doesn’t set individual rates directly, it sets the federal funds...
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...Is Social Security Enough to Rely on for Retirement Will Social Security be around when you retire? Should you rely on Social Security to cover 100% of your needs? Relying on Social Security 100% for your retirement needs could put your retirement years in financial hardship. Retirement could have different meanings for different people. Some people define retirement as no longer working; spending their golden years traveling and spending time with their spouse and/or family. To some, retirement means leaving their job they have worked at for many years and going to work part time at a job. If you plan on relying 100% on Social Security for your retirement, you may find that the part time job is no longer an option but a necessity. Social Security is a much like health insurance, it is not meant to pay all of your expenses. For example, your health insurance has a deductible you have to meet each year before the health insurance company pays 100% of your medical bills. Health insurance is intended to share the cost of medical bills, just like Social Security is intended to share the cost of the retirement needs and help prevent financial hardship. Think of the expenses you currently have, and while some expenses might go away as your become older or retire, the cost of living is constantly going up. The average person will only collect approximately 40% of what they were earning before retirement. If you currently make $70,000 per year and are accustomed...
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...the elderly, taking care of the elderly will rest on the government’s shoulder and this will has implications on the economy, financial security, living arrangement as well as health care system within the country (Chan, 2000). With researches done on the ageing population and the social policies, in terms of economy, living arrangement and health care system, implemented, these can help to ease the ageing process. In order to maintain financial security so that the problem of ageing population will not affect the economy, the government has come out with a few policies. As Singaporeans now live longer, they will thus have to work longer. The government promotes lifelong employability to enhance elderly’s employability. By extending the retirement age of the individual, this ensures that even with the increase in elderly, who can still contribute to the society, stay active and have more savings to support themselves by the time they retire. Another way to ensure that Singaporeans are still able to support themselves and maintain financial security of the country...
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...University of Phoenix Material Appendix I Part I Define the following terms: |Term |Definition | |Ageism |Prejudice against older people | |Baby boomer |A person born Post WW2 between years 1946 and 1966 | |Americans with Disabilities Act |Is a law made by Congress and it prohibits discrimination against people with disabilities| |Visitability |Allows homes to have easy access for people who have mobility impairments | |Accessibility |The ability for disabled people to benefit from some system | |Disability |Disability is an impairment and/or physical limitations | |Inclusion |To ensure disabled students to go to school and to receive the “proper support” in order | | |to succeed as a learner | |Deinstitutionalization |The process of replacing a long time stay psychiatric hospital with less isolated mental | | |health services ...
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...Modify Social Security During the depression, Franklin D. Roosevelt introduced the Social Security program in hopes of it providing insurance to what would inevitably happen in our lives. Established in 1935, it was geared to be solely a retirement program and quickly in 1939 added survivor benefits to the list; then insurances for the disabled in 1965. The original purpose of Social Security Act was to establish a system for the old-aged and adequate provisions for survivors of the dead and the disabled. The Act itself had good intentions of creating a sound Social Security board and increase revenue. According to www.ssa.gov, “The new social insurance program the Committee on Economic Security (CES) was designing in 1934 was different than welfare in that it was a contributory program in which workers and their employers paid for the cost of the benefits--with the government's role being that of the fund's administrator, rather than its payer. This was very important to President Roosevelt who signaled early on that he did not want the federal government to subsidize the program--that it was to be "self-supporting." He would eventually observe: "If I have anything to say about it, it will always be contributed, both on the part of the employer and the employee, on a sound actuarial basis. It means no money out of the Treasury."” From the time the Social Security program was establish in 1935 to 1960’s the payroll taxes increased from 2% to 6%. Then in 1972 the cost-of-living-adjustments...
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...Why do we have a negative attitude towards old age and what do people do in order not to look old? Steve Olela BA/03004/09 Maseno University Abstract This paper examines why there is very high stereotyping and discrimination against the aged. It also looks into how the aged try not to look old so that they do not get to be discriminated against. It is common to find people making assumptions and having negative attitude towards the aged. Why we have a negative attitude towards old age The society has discriminatory perception against the old especially the youth or young for example in the 2013 Kenya elections, the young contesting for political seats refered to the old as “analogue” and deserve to go and relax at home while referring to themselves as the “digital” . ‘People have a negative attitude towards the old because the old people are associated with health issues and death’ (Hall and Baley, 2008) and so there is the fear of old age and therefore viewed negatively. It is perceived that the old people require regular checkups and fear of death due to the many health problems they experience (Arnold-Cathalifaud, 2008). Working with older patients is not typically viewed as desirable because the young view them as stubborn and have traits the young would want to always avoid. The old people are also associated with the negative body image. Physical attributions and appearances is a factor or a reason why people develop negative attitudes towards the old age. ‘It is...
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...special needs of senior citizens, programs and services for the aging, and the multicultural issues faced by this vulnerable population. The Senior Population The senior population usually refers to people who have reached the age of 65. This population is vulnerable because seniors typically are on predetermined incomes, live alone or with an aging spouse, have some form of debilitating disease, and lack the ability to perform daily activities. This vulnerable population is continuing to grow as the Baby Boomers have reached senior citizen status. According to the Washington State Office of the Attorney General (2009), The United States is in the midst of huge demographic shifts, with a third of [the] population reaching retirement age in the next few years. On January 1, 2006, [B]aby [B]oomers began turning 60 at the rate of one every 7.5 seconds. The criminally minded stalk this growing population of seniors, waiting to pounce on those who, by virtue of their age, are more likely to be isolated and struggle with poor health (p. 1). Senior citizens may rely on other people to help with daily tasks and at times these other people may be strangers. This makes the seniors...
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...Executive Summary: I’m planning for the business in service sector. My business will be about the Montessori and the retired club which will be opened together in the same place and in same area. The unique feature of my business will be that the kids can get learn from the old age people and the old age people will be happy and get time pass playing with the kids. The main mission for this business is to care and culture towards children and the Retired people. Business: I will name my business as “happy and caring life”. There are some priorities regarding the physical location. My 1st option will be at Sanepa, 2nd at Buddhanagar and 3rd at the anamnagar. This is because they in the peaceful area and in the business and residence area where one can reach easily through the local vehicles. In this firm, kids will be provided the day caring and will able to learn some cultures and values from the old people, where as the retired people or the old people can come there and talk with each other, share their feelings. In fact they will get friends to pass the time, not only that they will also get happy after they play with kids and look after them. The time for the service hour will allocated as per the demand. In conclusion both the kids and the old people get benefit. Market analysis: First I have to segment the market. My targeted group will be single family who didn’t get time to look after the kids. And the old age people who doesn’t have any places to...
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...As one enters retirement, the physical and cognitive changes of aging generally become even more noticeable. What physical and/or cognitive issues do the older adults closest to you have to face? Can anything be done to postpone having to face such issues, or are they unavoidable? This is the stage, who no one wants to experience. Physically, you won’t able to hear or see easily, you’ll probably have some walking issues or you probably won’t be able to walk alone. Also, lots of loss of bone mass, as one of my classmates mention before “body functions tend to slow, and our motor skills decline”. According to the book, there is a theory named “wear-and-tear theory” suggests that the body, much like any machine, gradually deteriorates and finally wears out (Pankow & Solotoroff, 2007; Timiras, 2002). For example, think about a motor of an old automobile, as much you give maintenance or repair it, it won’t run the same as it used to be. Cognitively, during this stage of life, you’ll probably think of just relaxing, this means retirement. In other words, you are just waiting for death. You probably will be diagnosed with a higher risk disease or you probably get sick more often. My grandfather was diagnosed with a heart disease and few months ago he had a higher risk surgery. Now, he is somewhat recover, but the only think he does is just try to relax and just wait for the “last moment” to pass by, like he says. I believe this is one of the most depressing stages of human...
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