Outlook Money
Seniors must focus on the enhancement of mobility through yoga, gym classes, walking groups or wellness camps.
Older adults are increasingly using phones for banking, but caution is needed as online payments can be addictive and potentially lead to overspending.
Seniors are becoming more aware of online fraud and have started to take cautionary measures. It is important to avoid clicking on unknown links or sharing OTPs. Keep your banking details and financial details safe.
Older people are investing wisely in safe options, such as senior citizens savings schemes (SCSS), fixed deposits, or post office monthly income scheme (MIS). Government-supported schemes are their top priority.
Join social groups and clubs that help people share tips on health and money. You may also join online classes or take informative webinars to expand your knowledge about new financial tools.