IN THE next 20 years, one in four New Zealanders will be aged over 65 years, compared with one in seven today. What's more, a significant number of our senior population will be living in rural and provincial New Zealand.
It's clear that all around New Zealand, our regions need to plan now for a future where there is a significantly larger older population and fewer young people.
Being 65 is certainly not what it used to be. We are living longer than previous generations -- more seniors are in good health and continue to make a valuable contribution to our economy and society. The fact we are living longer is something we should celebrate because our ageing society is, in fact, one of our greatest achievements.
By 2051 it is predicted that almost one in three over-65s will still be working full or part-time. This means older people will contribute $17 billion in taxes compared with $3.6 billion currently, while their contribution in unpaid and voluntary work is expected to rise from about $8.5 billion to $35 billion. Their spending power is expected to increase from $14 billion in 2011 to $65 billion in the next 25 years.
However, social isolation is a serious issue for about 10 per cent of older New Zealanders who experience some level of loneliness and are particularly vulnerable due to the loss of friends and family, mobility or income. Minister Maggie Barry and the Office for Seniors is front-footing this concern by rolling out a Community Connects project.