A new international report launched this week ahead of the G20 Finance Ministers’ and Central Bankers’ meeting by the International Longevity Centre UK, says older workers could be the key to restarting our sputtering economies but this requires an injection of money to address the health barriers that people encounter as they age.
See: https://ilcuk.org.uk/maximising-the-longevity-dividend/
This is tremendously impactful as our world governments look for positive solutions in the months and years ahead.
According to the report, nearly 1 in 3 workers across the G20 is already age 50 and over, and rising. By 2035, it is expected that this cohort will generate nearly 40% of all earnings.
Iceland, considered a leader in allowing older people to work, appears to be an indicator that the GDP can be raised by 7% by following this strategy.
The “longevity dividend” can be unlocked, they say, if we invest in health for older workers with the intention of improving their ability to be productive longer. Those countries that do, see a marked increase in the number of older workers who stay in the work force and an improvement in their overall economy.
This is confirmation of the value our older citizens have and how honoring them and investing in their wellbeing is a smart thing to do.
The full “Health equals wealth: The global longevity dividend” report can be read at https://ilcuk.org.uk/HealthEqualsWealth/ or