Longevity Economy Principles: The Foundation for a Financially Resilient Future | World Economic Forum

#Ageingpopulation, #Healthcare, #Resilience, #Wellbeing

The six principles of longevity economy foster resilience, education, and health for ageing populations.

The global population is rapidly ageing, doubling the number of people over 60 by 2050. To address the financial and social challenges, the World Economic Forum’s six longevity economy principles propose a comprehensive framework to ensure financial resilience for all generations. The principles emphasize financial stability through life events, universal financial education, healthy ageing, and evolving job opportunities for older workers.

The first principle highlights the need for public-private collaboration to build financial resilience across life’s unpredictable events. Principle two promotes universal access to financial education, empowering individuals to make informed decisions, while principle three advocates for prioritizing healthy ageing through preventive health measures and equitable access to healthcare services.

Principles four and five focus on evolving jobs and skill-building for a multigenerational workforce and designing systems to foster social connections. Flexible work environments and policies supporting lifelong learning are essential to help individuals remain active contributors in their later years. Social connection, highlighted in principle five, is essential for well-being and longevity, particularly in combatting loneliness and promoting mental health.

Lastly, principle six addresses longevity inequalities, advocating for measures to close gender, race, and class gaps in pay, pensions, and caregiving support. Together, these principles offer a strategic approach to a financially resilient future in the face of global demographic shifts.
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