The Future of the Longevity Economy: Insights from the World Economic Forum

People are living longer than ever, while birth rates continue to fall. This shift is changing how we work, save, and care for each other—and it’s happening faster than many realize.

The World Economic Forum’s new report says the systems we rely on, like retirement savings and caregiving networks, are not ready. Without action, many older adults could face financial insecurity, health risks, and social isolation. But if we start making smart changes now, aging can become a strength, not a crisis.

Some important changes need to happen:

• Retirement systems must be rethought. Saving for decades of retirement is tough. Governments and employers need to create stronger, more flexible systems, especially for people without traditional jobs.

• Financial tools need to match real life. It’s not enough to save money. People also need reliable ways to turn savings into income that lasts through retirement.

• Employers have a role too: Companies can help workers stay financially healthy by offering better benefits, savings options, and educational resources.

• Caregiving support is critical: As people age, more will require care, and many will rely on family members. Policies must recognize and support caregivers.

• Technology can help, but it’s not a fix-all: AI and digital tools can support financial planning and healthcare, but privacy, fairness, and access must be part of the conversation.

• Climate change will hit harder: Older adults are particularly vulnerable to extreme weather like heatwaves and natural disasters, both physically and financially. Healthcare, housing, and financial systems need to adapt to protect them.

Aging is no longer something that affects only a small group of people. It impacts the economy, the workforce, healthcare, and society as a whole. If governments, businesses, and communities start planning now, we can build a future where longer lives are seen as an opportunity, not a burden.

A stronger longevity economy could mean more innovation, better jobs, and healthier and more connected lives for people of all ages.

Source:
World Economic Forum, Future-Proofing the Longevity Economy: Innovations and Key Trends, March 2025.
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