Embracing Demographic Transition: Health and Wealth in an Aging World | Citi GPS

#Ageingpopulation, #Economy, #Healthcare, #Resilience

The report explores strategies to support economic and social resilience in an aging global population.

As populations age globally, life expectancy has risen dramatically, from an average of 40 years in the 19th century to 73 years by 2019. These increases, combined with declining fertility, are reshaping the world’s demographic landscape. The key challenge is ensuring that older populations remain contributors to society and not dependents. This report argues that addressing economic and social dependence will require innovative labor markets and policies that encourage longer working lives and financial inclusion for older adults.

Furthermore, the report highlights the importance of supporting healthy aging. Preventive healthcare and affordable access to medical services will be critical to minimizing dependency. Technological advancements such as AI could help compensate for workforce shortages by boosting productivity, which would alleviate some of the economic pressures of an aging population. However, reforms in social care and labor flexibility are equally necessary for a comprehensive approach to this demographic shift.

Concrete recommendations include enhancing retirement planning, expanding financial products for the elderly, and promoting preventive healthcare. Businesses are encouraged to foster inclusive environments that allow older workers to remain active longer while contributing to a more resilient economy. The focus remains on ensuring that additional years of life are spent productively, improving both health and wealth outcomes.

Read the full document here: http://citi.us/4f2oUcc.