<p>A majority of elders feel inadequacy of income while a substantial number of them do not feel financially secure as they incur more expenditure than they can spare, according to a survey by nonprofit HelpAge India released Wednesday. </p>.<p>Minister for Women & Child Development, Empowerment of Differently Abled and Senior Citizens Halappa Achar released the ‘Bridge the Gap: Understanding Elder Needs’ here on the occasion of World Elder Abuse Awareness Day. </p>.<p>The survey report covered 4,399 elder respondents and 2,200 young adult caregivers across 22 cities in India. </p>.<p>According to the survey, 47% elders are dependent on their family for source of income while 34% live on pension and cash transfers. “Meanwhile, in Bengaluru, 59% of elderly are dependent on family, while an equal number (59%) depend upon pensions and cash transfers,” HelpAge India said in a release. </p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/from-security-to-uncertainty-post-covid-19-many-elderly-return-to-workforce-1117512.html" target="_blank">From security to uncertainty: Post Covid-19, many elderly return to workforce</a></strong></p>.<p>The survey found that 52% elders nationally reported inadequacy in income. “A substantial 40% elders said they do not feel financially secure, citing their incurred expenses are more than savings/income (57%) and pension not being enough (45%) as the top reasons. This suggests both financial planning for later years and social security needs much greater attention,” the nonprofit said. </p>.<p>In Bengaluru, however, 78% of elderly say that their income is adequate, while 22% say it is not. </p>.<p>According to the survey, 71% of elders are not working. There are 36% of them willing to work and 40% want to work “as long as possible”. </p>.<p>According to HelpAge India Karnataka head Prakashan M, the report has some “alarming data” requiring reconsideration of attitudes towards the elderly. “Elders today aspire to work; they don't want to be seen as mere dependents, but as active participants in society,” he said. </p>.<p>Nationally, 59% elders feel that elder abuse is prevalent in society, while only 10% admitted to being a victim of elder abuse, with relatives (36%), son (35%) and daughter-in-law (21%) being the top perpetrators, HelpAge India said. </p>.<p>“47% of those abused stated they ‘stopped talking to family’ as a response to the abuse they faced,” the survey found. </p>
<p>A majority of elders feel inadequacy of income while a substantial number of them do not feel financially secure as they incur more expenditure than they can spare, according to a survey by nonprofit HelpAge India released Wednesday. </p>.<p>Minister for Women & Child Development, Empowerment of Differently Abled and Senior Citizens Halappa Achar released the ‘Bridge the Gap: Understanding Elder Needs’ here on the occasion of World Elder Abuse Awareness Day. </p>.<p>The survey report covered 4,399 elder respondents and 2,200 young adult caregivers across 22 cities in India. </p>.<p>According to the survey, 47% elders are dependent on their family for source of income while 34% live on pension and cash transfers. “Meanwhile, in Bengaluru, 59% of elderly are dependent on family, while an equal number (59%) depend upon pensions and cash transfers,” HelpAge India said in a release. </p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/from-security-to-uncertainty-post-covid-19-many-elderly-return-to-workforce-1117512.html" target="_blank">From security to uncertainty: Post Covid-19, many elderly return to workforce</a></strong></p>.<p>The survey found that 52% elders nationally reported inadequacy in income. “A substantial 40% elders said they do not feel financially secure, citing their incurred expenses are more than savings/income (57%) and pension not being enough (45%) as the top reasons. This suggests both financial planning for later years and social security needs much greater attention,” the nonprofit said. </p>.<p>In Bengaluru, however, 78% of elderly say that their income is adequate, while 22% say it is not. </p>.<p>According to the survey, 71% of elders are not working. There are 36% of them willing to work and 40% want to work “as long as possible”. </p>.<p>According to HelpAge India Karnataka head Prakashan M, the report has some “alarming data” requiring reconsideration of attitudes towards the elderly. “Elders today aspire to work; they don't want to be seen as mere dependents, but as active participants in society,” he said. </p>.<p>Nationally, 59% elders feel that elder abuse is prevalent in society, while only 10% admitted to being a victim of elder abuse, with relatives (36%), son (35%) and daughter-in-law (21%) being the top perpetrators, HelpAge India said. </p>.<p>“47% of those abused stated they ‘stopped talking to family’ as a response to the abuse they faced,” the survey found. </p>
