October Health – 2024 Report
55-64 Demographic in United States
For the age group 55-64 in the United States, one of the leading causes of stress is financial concerns, particularly related to retirement savings and financial security. This age group often faces the reality of approaching retirement, questioning if they have saved enough to maintain their lifestyle. Additionally, health-related issues both personal and for family members, as well as changes in employment status, such as pressure in the workplace or transitioning to retirement, also contribute significantly to stress in this demographic. Engaging with resources like October could help companies support employees in managing these stressors effectively.
How mental health affects the 55-64 demographic differently
Stressors for Age Group 55-64:
-
Retirement Planning:
- Concerns about financial security and readiness for retirement.
- Adjustment to changes in daily routine and identity post-retirement.
-
Health Concerns:
- Increased focus on personal health issues and preventive care.
- Potential for age-related health problems, leading to anxiety.
-
Workplace Dynamics:
- Navigating potential ageism or feeling pressured by a younger workforce.
- Managing transitions, such as technology updates or role changes.
-
Family Responsibilities:
- Caring for aging parents or supporting adult children.
- Adjusting to being an "empty nester."
-
Social Changes:
- Coping with the loss of friends or colleagues due to illness or death.
- The need for new social networks or community engagements.
Encouraging access to mental health support, like those offered by companies such as October, can provide valuable resources for dealing with these stressors.
Data from October Health
What's driving mental health stresses for the 55-64 demographic in South African?
Proactive mental fitness for high performance staff.
Understand the stresses and workplace challenges of your staff and provide them with the tools to protect their productivity and mental health.