At Mercer Marsh McLennan, we were honored to host the recent Longevity Economy Workshop in Singapore in collaboration with the World Economic Forum. This event brought together a diverse group of thought leaders, industry experts, and innovators to explore the vast opportunities within the longevity economy.
Nine essential insights to build resilient economies and thriving societies:
1. 𝗥𝗲𝗲𝘃𝗮𝗹𝘂𝗮𝘁𝗲 workplace and societal norms in response to the global shift towards longer life expectancy and declining birth rates.
2. 𝗙𝗼𝘀𝘁𝗲𝗿 a culture that values work for all ages, especially older workers.
3. 𝗥𝗲𝗷𝗲𝗰𝘁 the notion that extended careers signify failure, as this mindset discourages workforce engagement.
4. 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺 retirement by moving beyond traditional concepts.
5. 𝗘𝗺𝗯𝗿𝗮𝗰𝗲 flexible career paths to create smoother transitions that benefit both employees and businesses.
6. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲 acceptance of part-time and flexible work arrangements to help retain individuals in the workforce, particularly women with caregiving responsibilities, and to reduce gender inequalities.
7. 𝗗𝗲𝘃𝗲𝗹𝗼𝗽 appealing long-term savings and investment solutions to address the critical need for options that outperform inflation, as many individuals currently rely on cash deposits that do not keep pace.
8. 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 technology to drive hyper-personalization in financial services, ensuring that individuals are met at their unique financial stages.
9. 𝗔𝗱𝗼𝗽𝘁 a whole society approach to address demographic changes by focusing on a values-based, holistic strategy that reflects the society we aspire to create.
A heartfelt thank you to our esteemed speakers for their invaluable contributions. Together, we can pave the way for a future that not only supports longevity but also enhances the quality of life for individuals and communities worldwide.
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