The good news is; people are living for longer. However, in an ageing society, there is an increasing demand for care provision in later life. People are having less children, and traditional caring responsibilities in families and communities are changing. Combined with tight government budgets, services providing care for older adults are increasingly overstretched. In this context, the government is trying to find solutions on how to support older adults to enjoy independence , control and dignity in later life
Time Banking initially started life in the USA as an intervention focusing on providing services to older adults to enable them to maintain independence and remain in their own homes. Time Banking continues to have this role today, and time banks can help older people by providing personal assistance, befriending and allowing opportunities to contribute to their communities.
There are twenty years of research evidence to support the claims that time banks have benefits for older people.