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As the Lowcountry population ages, nearly half of retired residents have considered returning to work for financial reasons

CHARLESTON, S.C. (May 3, 2019) – Newly released survey results from Clover Health revealed 57 percent of Charleston adults 60 and older are concerned about their future financial stability. Further, 47 percent of retired seniors surveyed have considered re-entering the workforce for financial reasons, indicating a worrisome trend for the Lowcountry’s aging population.

Despite this level of financial instability, Charleston seniors are less worried than their peers across the U.S. Nationally, 72 percent of adults over 60 expressed concerns about their future financial well-being, but are on par with those retirees who have contemplated re-entering the workforce (47 percent).

The Clover survey also found that:

• Charleston women over 60 worry more about their finances than men: While 62 percent of female seniors are concerned about their future financial stability, just 51 percent of local men reported feeling the same. Women are also more likely to consider going back to work – 49 percent said they’ve thought about coming out of retirement for financial reasons, compared to only 45 percent of men.

• Suburban seniors have more financial peace of mind: Just 50 percent of Lowcountry adults over 60 living in the suburbs are concerned about financial stability, compared to 69 percent of those living in rural areas and 61 percent living in the city.

• Charleston’s low-income seniors admit to serious concern about future financial stability: A whopping 91 percent of local seniors with a household income below $35,000 are concerned about future finances, compared to 57 percent of those who make $35,000 to $74,999, and just 21 percent of older adults with an income above $75,000.

• Older adults living alone are more likely to consider coming out of retirement: 72 percent of Charleston seniors who live alone have considered coming out of retirement for financial reasons, compared to 41 percent of those who do not live alone.

As Americans continue to live longer than before, it is no surprise the workforce is changing. In fact, one recent analysis of Labor Department data reveals that of the 2.9 million new jobs gained in 2018, nearly half (1.4 million) were taken by adults 55 and over. While some older adults are going back to work to alleviate boredom or to remain active as they age, deciding to leave retirement due to financial stress can be detrimental to the health of those individuals.

“It’s disheartening to see that more than half of Charleston seniors have serious financial concerns,” said Dr. Jennifer Stolin, MD an in-network Clover physician from Palmetto Primary Palmetto Primary Care Physicians, Oakbrook office. “Adults with poor financial health are more likely to report symptoms of anxiety and depression, migraines, and trouble sleeping. Even in times of stress, it’s crucial to continue to visit your primary care doctor for proactive ways to maintain your mental and physical health.”

As a Medicare Advantage plan serving the Lowcountry, Clover is focused on preventative healthcare by leveraging data and its technology platform to proactively address potential illnesses and complications. In doing so, Clover helps its members mitigate the risk of hospitalizations along with the accompanying financial stressors, something that is extremely valuable to seniors on a fixed income.  

The study from Clover, a healthcare company using technology to improve medical outcomes, was conducted by Wakefield Research of 300 adults age 60 and older in Charleston. The national survey was of 1,000 adults 60+ throughout the U.S.

Project is latest effort in Charleston Parks Conservancy Art in the Parks Program

CHARLESTON, S.C. — The Charleston Parks Conservancy is bringing public sculpture to the West Ashley Greenway with a temporary art installation by Georgia artist Mike Wsol. The piece was installed May 8 near the St. Andrew’s School of Math and Science between Campbell Drive and the West Ashley Greenway.

The Conservancy awarded Wsol with an exhibition prize at ArtFields in May 2018. ArtFields is an annual art exhibit and competition in Lake City, S.C., showcasing the work of artists around the Southeast. Over the last year, Wsol has been planning and designing his sculpture for the West Ashley Greenway.

Titled “Under Glass,” Wsol said the sculpture was “designed with the natural sciences and spirituality in mind. Its form divided in two chambers separates the viewer below from the natural light entering and reflecting within the upper chamber. Experiencing ‘Under Glass’ highlights the separation of the viewer’s physical body from the passing light nature provides.”

The sculpture is made from two 325-gallon scrap propane tanks bolted to an X-shaped foundation that will be buried underground and covered with sod and soil. After the installation is complete, the sculpture will appear to balance atop the earth. It will be on display until October.  

In the coming months, the Conservancy will host educational events and opportunities for the public and schoolchildren to view the sculpture and interact with the artist.

Wsol’s recent creative work has taken the form of large experiential, interactive public sculpture, prints, and drawings. His work has been exhibited in New York, Washington, D.C., Atlanta, Chicago, and Miami, among other cities. Wsol has also been the recipient of grants and awards from The National Oceanic and Atmospheric Administration (NOAA), City of Atlanta Department of Watershed Management, Indiana University, and the Georgia State University Center for Collaborative and International Arts to name a few. He earned a master of architecture from The University of Virginia, a master of fine art in sculpture from The University of Georgia, a master of arts in sculpture and a bachelor of arts in sculpture from Eastern Illinois University.

The Charleston Parks Conservancy launched its Art in the Parks program in 2017, an effort to encourage temporary public art displays in Charleston city parks through collaborations with artists and arts organizations, including Redux Contemporary Art Center, City of Charleston Office of Cultural Affairs and ArtFields. The first art installation was in Hampton Park last year.

In 2017, the Conservancy received a $50,000 grant from the National Endowment for the Arts for a planning and public engagement process to encourage creative placemaking along the West Ashley Greenway and Bikeway. The site of Wsol’s installation was identified in the plan as location for public art that engages the community and encourages social interaction.  

“This installation is the first of many public art projects we’ll bring to West Ashley,” said Harry Lesesne, executive director of the Charleston Parks Conservancy. “As we work on the overall master plan for revitalizing the West Ashley Greenway and Bikeway, pubic art and arts programming will play an important role in how we reshape this public space and encourage resident use and engagement.”  

The ArtFields exhibition prize is part of the Art in the Parks program created by the Charleston Parks Conservancy in collaboration with Redux Contemporary Art Center and the City of Charleston Office of Cultural Affairs.

About the Charleston Parks Conservancy

The Charleston Parks Conservancy is a nonprofit organization dedicated to inspiring the people of Charleston to connect with their parks and together create stunning public places and a strong community. The Conservancy opens doors to individuals and organizations in Charleston wanting to engage with their parks and green spaces in a kaleidoscope of positive ways. With the help of its Park Angels, the Conservancy improves, enhances, and invigorates these spaces, making Charleston even better, stronger, and more successful. For more information about or to support the Charleston Parks Conservancy, please visit www.charlestonparksconservancy.org.