4 problems faced by senior citizens and their solutions

Ageing brings a new set of challenges. Old age can be difficult for many, from losing independence to reduced physical capability.

However, one of the most significant problems many senior citizens face is losing their financial independence. The good news is that with the availability of money earning apps in the market, senior citizens can also opt for online earning and start their second innings. And with options like the IDFC FIRST Bank's MyFIRST Partner Program, one can refer and earn up to Rs. 50,000 and even more every month from the comfort of their homes. Simply download the app, sign-up in under 5 minutes, start referring people from your network looking to secure a personal loan, and earn a 1.5% payout on every loan disbursal.

Read on to understand the different problems faced by senior citizens and their solutions that can help anyone spend their old age with comfort and ease. 

Declining social engagements and increased loneliness

Adapting to new changes is a massive task for senior citizens who often struggle to adjust to new changes. This results in a decrease in social engagement, leading to loneliness. 

With the world going digital, they have multiple options at their disposal. They can join a local club, take up a hobby, or meet people who share similar interests that can help them build their social circle.

As an IDFC FIRST Bank's MyFIRST Partner, they can also tap into their old and new network and build their business while growing their network further through referrals.

Physical health and dependency

Ageing is inevitable. It affects their physical health and increases dependency, putting seniors under constant stress. It is, therefore, important that they get the best of medical care at this time. 

A good way to ensure they take care of themselves is by giving them a reason to get up and get going. From health clubs to going for a walk with friends, there's a lot that one can do.

In such situations, the seniors can also opt for caretakers to help them with their basic needs. To ensure that the salary of caretakers does not affect their finances every month, IDFC FIRST Bank's MyFIRST Partner App is a one-of-a-kind personal loan refer and earn program that offers a weekly payout, ensuring easy access to finances.

Relationships and bonding

Though it might sound weird, the norms of maintaining relationships and the facets of every bond change from generation to generation. But the good news is a person can make friends wherever they want.

As a person becomes old, they notice a decline in every aspect of their life, and the future becomes a question in itself. Fortunately, alternatives like assisted living facilities, club memberships, and senior independent living homes address these issues where like-minded people in the same age bracket get together and help one another cope in this challenging period.

Financial health

Probably one of the most underrated aspects of senior living. Seniors without financial security often struggle. Traditional saving methods are not enough with societal changes and today's expenses. It is, therefore, important to secure their financial future or look for new avenues of earning.

Thankfully, IDFC FIRST Bank, with its MyFIRST Partner Program earning app, offers financial independence in just three easy steps:

• Download the IDFC FIRST Bank's MyFIRST Partner App 
• Register using minimal documentation
• Once signed up, refer those in need of a personal loan through the app, and earn 

With weekly payouts, paying for bills and taking up new activities become easier, and one can become financially independent again.

IDFC FIRST Bank also provides extensive training and backend support through a dedicated Relationship Manager and a central helpline to streamline every process for a seamless experience. 

What's the wait for! Download and register for free on the IDFC FIRST Bank's referral partner app, the best extra income for senior citizens  and ensure a secure and engaging old age!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.