By 2030, 1 in 6 people in the world will be over the age of 60 – approximately 1.4 billion people. By 2050, that number will have increased to 2.1 billion people. In fact, people over the age of 80 will triple their numbers in the next 30 years to 426 million.
While this longer life is an extraordinary accomplishment in health outcomes, not everyone is able to fund these extra years and remain financially resilient. This retirement gap is not just a growing risk for individuals but entire nations, as the WHO predicts that by 2050, 80% of older people will be in low- and middle-income countries.
The FMS Platform will be bringing key partners together to advance new thinking in the retirement and pension ecosystem and to promote financial innovations and policy recommendations for a more resilient, equitable and sustainable longer life. Join the Longevity Economy initiative to explore the role governments, employers and individuals all have in designing a retirement system that ensures financial resilience and better health outcomes.
For more information, please contact Haleh Nazeri. (Haleh.Nazeri@weforum.org) or Andre Belelieu. (Andre.Belelieu@weforum.org)