Most Millennials have an unrealistic view of their retirement prospects according to a new report from HSBC. The latest report in The Future of Retirement series, Shifting sands, finds that on average Millennials expect to retire younger than other working age generations. Millennials expect to retire at 59, two years younger than the working age average of 61. The survey[Read More…]
Following the seminar series ‘Art, Museums, Wellbeing & Ageing’, and building upon the work to date carried out by the Age Friendly Museums Network (formerly Age Collective, funded by the Esmée Fairbairn Foundation), the Oxford Institute of Population Ageing and the British Museum began discussions regarding a project to explore the impact of demographic ageing on the museum and gallery[Read More…]
The outlook for the Asia-Pacific region remains robust—the strongest in the world, in fact—and recent data point to a pickup in momentum. The near-term outlook, however, is clouded with significant uncertainty, and risks, on balance, remain slanted to the downside. Medium-term growth faces secular headwinds, including from population aging and sluggish productivity. Macroeconomic policies should continue to support growth while[Read More…]
A new luxury lifestyle concept is set to offer exclusive, high quality accommodation to the elderly, on the Kings Road in Chelsea. The developer Auriens has secured its first site in London, with a view to developing a new ‘later life lux’ addition to the care home category. The company is currently working with Tenhurst on its planning application and[Read More…]
The over-50s are creating more jobs and contributing to the growth of the UK’s economy at a faster rate than any other age group, according to a report by Hitachi Capital UK and CEBR (Centre for Economic and Business Research). Contrary to popular belief, the over-50’s are playing an increasingly important role in our economic growth. Rather than being a[Read More…]
Recently released Census data showed that, for the first time ever, seniors now outnumber children in Canada. These changing demographics present a unique challenge to the sustainability of the Canadian health care system that will have pressing implications for public spending, the labour market, and housing and institutional infrastructure. In 2016, Canada’s total health expenditures reached an estimated $228 billion—representing more[Read More…]
The fabric of the world today, almost two decades into the 21st century, is profoundly different than ever seen before. With an almost frenetic pace of change and technological advancement, an aging society and the massive urbanization movement, many of the structures of society have not evolved in-step and no longer adequately serve its needs. By Peter R. Nicholson, Vice President, Business[Read More…]
The Insured Retirement Institute (IRI) its latest report on the Baby Boomer generation’s expectations and readiness for retirement. Since IRI’s inaugural Baby Boomer report in 2011, the number of Americans over the age of 65 has risen over 18 percent, reaching nearly 48 million in 2015. As they move into their pre-retirement and retirement years, most Boomers report insufficient retirement[Read More…]
Despite the societal impact of a rapidly growing aging population struggling with loneliness, a recent study by IBM (NYSE: IBM) finds there is also a tremendous opportunity for new and existing organizations to create solutions that improve how older adults engage with the world. Cognitive and cloud technology can be used to aggregate and interpret data, connect organizations, and help[Read More…]
Brazil’s population is aging. Declining fertility rates and increasing life expectancy are important drivers of demographic changes in Brazil and Latin America, contributing to slowing population growth and a rising share of the elderly in the population. Over the past half a century, the fertility rate in Brazil has halved and is now in line with that of more advanced[Read More…]
