Daniel Gannon on Retirement Living's Role in Addressing the Aged Care Crisis
Release Date: 10/16/2024
Simon Kuestenmacher on the Journey of an Ageing Baby Boomer
The Business of Ageing
We are constantly reminded in the seniors living industry to "prepare for the silver tsunami” as the baby boomers enter the sector en masse. We are then told that these same baby boomers are going to “reinvent retirement” so as not to repeat the mistakes of their parents who have just “left the sector.” So how is the baby boomer generation going to radically change the experience of ageing, and what is it about this cohort and their life experiences that has led to this rethink? Demographer Simon Kuestenmacher is the co-founder and director of The Demographics Group....
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Elyssia Clark on Technology and AI in Aged Care
The Business of Ageing
Technology and AI is fast becoming part of everyone’s lives, and the seniors living industry is no exception. As the demand for aged care services overtakes the ability of the sector to deliver it, operators are embracing these new tools for their ability to augment staff shortages, demonstrate service delivery and improve the consumer experience by helping to ease the social isolation that is sadly so common amongst older Australians. Elyssia Clark is the General Manager of Customer, Insights and Marketing at not-for-profit aged care and community services provider, Benetas - and has been...
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Michael Doneman on the role of AI in Elderhood
The Business of Ageing
Right now, generative AI and education is a contentious issue, as schools and universities scramble to adapt their assessment processes to the growing use of tools such Chat GPT by students. But not everyone in education is looking at this technology as a threat, especially when it comes to assisting older people in maintaining their cognitive function and helping them to thrive in elder hood through continuous, lifelong learning. Michael Doneman is working on his PhD at RMIT’s School of Communications and Design. His study is focussed on the use and impact of artificial intelligence amongst...
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Lucy Sutherland on Rightsizing in Australian Housing
The Business of Ageing
Is there a right size for a home and how is that definition changing? Do families still aspire to live in a freestanding house on a quarter acre block in the suburbs or is our definition of The Great Australian Dream evolving due to financial realities and cultural influences? And what about older Australians? How many are still living in the old family home, long after the kids have moved on, in a house that is clearly too big for their needs? Lucy Sutherland, Director of Insights and Trends at Temple & Webster has recently compiled a research paper called “The Future of Rightsizing in...
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MaryAnn De Mestre on Inheritance Impatience
The Business of Ageing
Money can bring out the worst in people. This is especially true when it comes to family estate planning where entitlement and inheritance impatience from adult children can put pressure on ageing parents and in some cases even tear families apart. This is not a comfortable conversation for most people, but it is one that needs to happen early, and preferably in the company of a specialist financial advisor and estate planning solicitor. MaryAnn De Mestre is a solicitor and legal academic who specialises in estate planning and succession law, and believes that getting these affairs in order...
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Daniel Gannon on Retirement Living's Role in Addressing the Aged Care Crisis
The Business of Ageing
As the Executive Director of the industry’s peak body, The Retirement Living Council, Daniel Gannon has been a highly visible advocate for the sector. This advocacy has Daniel crisscrossing the country, talking with retirement village operators and residents, lobbying governments and assuming the position of industry spokesperson to a sometimes hostile media. In this episode of the Business of Ageing, I sit down with Daniel to gauge the success of the Council’s recent initiatives, and whether or not these are having a material impact on government policy as well as public perception...
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Sarah Wright on change management within the seniors living industry
The Business of Ageing
Change is hard. Most people are fairly set in their ways and naturally reluctant to alter their behaviours and ingrained habits. When it comes to organisational change within the seniors living industry, these challenges are amplified 100 fold, as you try to coordinate long term staff spread across multiple geographic locations, as well as elderly residents who can be challenged by sudden disruptions to their day to day lives. Luckily, there are Change Managers like Sarah Wright who have spent a career in helping organisations navigate these major transformations of their...
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Nick Donnelly on the importance of early planning and family alignment when downsizing
The Business of Ageing
How much is your lifestyle worth as you age and what is the financial opportunity cost of these decisions? Nick Donnelly from Plenary Wealth is a financial advisor who specialises in retirement living, aged care and granny flat agreements and believes that the lifestyle benefits of seniors living communities can often trump the financial cost, but alignment between family members is critical when planning for this stage. In this episode of The Business of Ageing, we will be discussing the best ways for people to educate themselves on the options available to them and why getting organised...
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Rachel Lane on Balancing Expectations with Reality in Aged Care & Retirement Living
The Business of Ageing
One of the hardest parts about ageing is knowing when it’s time to leave the family home. Do you move into a retirement village and embrace community life, or stay at home as long as possible before facing the inevitable need for care and the scramble for suitable options that follows? If that decision making process isn’t hard enough, the financial minefield of contracts and payment options can end up trapping even the most savvy consumers. Luckily Rachel Lane from Aged Care Gurus simplifies this process by breaking down these complex concepts into easy to understand, practical...
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Natasha and Justin Chadwick on Changing the Narrative in Aged Care
The Business of Ageing
Natasha and Justin Chadwick from New Direction Care are a mother and son team who have turned the traditional aged care model on its head. Their Microtown community is exactly that - a miniature community where aged care and dementia residents live in real houses, connected to a town centre complete with shops, cafes and all the services that you would expect from a real village. This enables residents to thrive in an active, inclusive and fulfilling environment that’s a far cry from the nursing homes of old. But like any revolution, change is hard and it takes a certain type of visionary...
info_outlineAs the Executive Director of the industry’s peak body, The Retirement Living Council, Daniel Gannon has been a highly visible advocate for the sector. This advocacy has Daniel crisscrossing the country, talking with retirement village operators and residents, lobbying governments and assuming the position of industry spokesperson to a sometimes hostile media.
In this episode of the Business of Ageing, I sit down with Daniel to gauge the success of the Council’s recent initiatives, and whether or not these are having a material impact on government policy as well as public perception of the retirement living sector.
We discuss the positive role that retirement villages can play in addressing the challenges of an aged care industry that is struggling to meet the growing demands of a rapidly ageing population.
We look at the various roadblocks that need to be removed for this to happen, and what retirement village operators are doing to create world class communities for the next generation of residents.
The Business of Ageing podcast has been produced by Shaun Alexander at Pluss Communities.
To learn more about Pluss Communities click here
You can learn more about Daniel Gannon here