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A STUDY ON THE PRACTICE AND MANAGEMENT OF FINANCIAL RESOURCES BY SELECTED SENIOR CITIZENS RESIDING AT CHENNAI


Mrs.Y.Vijayalakshmi Priya
,
Abstract

Old age is best defined as the age of retirement that is 60 years and above. Improvement in health and technology has resulted in increased life expectancy. The number of persons in old age has increased (Srilakshmi, 2008).

Worldwide, the number of people 60 or older is increasing faster than ever before. Most of this increase is occurring in developing countries. In India the Percentage of people with age group of 60 plus has increased tremendously. According to 2001 census the latest advancements in medical technology and quality of life has lead to a total of 76, 62,234 person within age group of 60 plus and this is roughly 7.5 percent of our total population and by 2016. The number is likely to increase to 10 percent (Government of India, 2008).

KEYWORDS: Old age, life expectancy, medical technology,  quality of life

Keywords:
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

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Published on :

Vol : 4
Issue : 8
Month : August
Year : 2016
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