Concerns about aging by Canadian seniors
Community | Seniors Health & Wellness

Top Concerns About Living a Long Life

A BMO Wealth Management sponsored survey by ValidateIt Technologies Inc. reported that 13% of respondents worried about becoming a victim of abuse, neglect or fraud. Learn more about the other top concerns reported.

51%    Health problems/costs
47%    Financial security/fear of running out of money
40%    Being a burden on family
20%    Loneliness or having no purpose
14%    Having nothing left to leave to heirs
13%    Being a victim of abuse, neglect or fraud
2%      Other

Overall, the most frequently cited concern was about future healthcare costs and whether health problems will affect quality of life (51%).

Fears about running out of money during retirement (47%) and being a burden on family members (40%) also came high on the list.

Being lonely later in life was a concern for 20% of respondents, and not having anything left to leave to heirs was mentioned by 14% of those surveyed.

A similar number (13% of respondents) worried about becoming a victim of abuse, neglect or fraud.

Financial Concierge Inc. can help mitigate the risks of financial abuse and fraud through assistance with day to day money management as a second set of eyes.

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