NEWS:

Greater Longevity is a Call to Action for Governments, Industry, Global Institutions

NEW YORK (Jan. 26, 2011) – The Global Coalition on Aging announced its launch today as a pioneering new initiative to raise awareness and address the social and economic impact of global population aging. Founding members are AEGON, Bank of America Merrill Lynch, Galderma, Intel, Johnson & Johnson, Novartis, Nutricia, Pfizer and Universal American Corp. Deloitte Consulting LLP is serving as an advisory member.

The Global Coalition on Aging will provide leadership, research and advocacy to help nations and industry advance sustainable solutions that address the unprecedented demographic transformation already underway. The Coalition is unique in its focus on aging’s impact on all aspects of life and society: the workplace, health and long-term financial security.

“The emergence of the Coalition is tremendously exciting and fills a critical need at a critical time,” said Dr. John Beard, Director of Ageing and Life Course for the World Health Organization. “It is unique, not just in the breadth of its interests in aging, but also in its philosophy that the best approach is for people to remain engaged and productive as they grow older. We look forward to working closely with the Coalition to press for change in the policy arena.”

The Coalition will foster a re-shaping of public policies to align to the new demographic realities. Over the next three years, the Coalition will roll out a strategic plan to drive social and policy changes in four key areas:

  • Education and work
  • Financial planning and security
  • Health and wellness
  • Technology, innovation and biomedical research

“We will share this plan with business, governments and other stakeholders who want to join us in this important new venture,” said Coalition Executive Director Michael Hodin. “We will advance innovative solutions to improve health and wellness, expand work opportunities, and provide ongoing education and financial planning to turn what could be a fiscal and political crisis into platforms for economic growth and intergenerational collaboration.”

It is estimated that there will be two billion people over the age of 60 by mid-century, and they will outnumber children for the first time in history. “These demographic realities call for far-reaching work, lifestyle, business and governmental changes,” said Nicholas Eberstadt, demographer and Henry Wendt Chair in Political Economy at the American Enterprise Institute. “We are still living with public policies and social infrastructures that were designed for a different time with different demographics.”

In the United States alone, the number of people over 65 will double from 40 million today to 89 million – one in every five Americans – by 2050. Similar shifts are underway across the globe, though the pace of change differs from country to country. Populations in Europe, Japan and South Korea are further along the aging curve, while countries like China and India, which have younger populations, will experience the aging phenomenon a generation or two later.

According to Baroness Sally Greengross, a Member of the UK House of Lords and President of the International Longevity Centre United Kingdom, the Coalition is making “a great contribution with its optimistic view of aging. These leading global companies are committed to helping this generation and the next live differently, more productively and with greater fulfillment for themselves and society, into their eighties and beyond.”

“As the longevity miracle shapes the 21st century, the Global Coalition on Aging is well positioned to draw upon the best corporate strategies, partner with stakeholders across society and work with governments and policymakers to promote pragmatic solutions,” Hodin said.

ABOUT THE GLOBAL COALITION ON AGING

The Global Coalition on Aging aims to reshape how global leaders approach and prepare for the 21st century’s profound shift in population aging. The Coalition uniquely brings together global corporations across industry sectors with common strategic interests in aging populations, a comprehensive and systemic understanding of aging, and an optimistic view of its impact. Through research, public policy analysis, advocacy and communication, the Coalition will advance innovative solutions and work to ensure global aging is a path for fiscally sustainable economic growth, social value creation and wealth enhancement. The Coalition will operate along four pillars of health and wellness, education and work, financial planning and security, and technology and innovation to promote basic reforms to address the 21st century’s age-driven demographic realities. For more information, visit http://www.globalcoalitiononaging.com

TOP STORIES

New data analysis reveals the vast market for health apps – including the 760,000 ‘living fast, dying young’ under 40s who smoke, drink frequently, have a smart phone and regularly use the internet.

We are recruiting for a temporary Events Coordinator to coordinate and support our busy events calendar for the remainder of 2018, build on our external communications and assist the Head of External Affairs on communications around our Future of Ageing conference.

New international report explores the relationship between life expectancy and productivity in developed countries.

ILC-UK are once again looking for someone to speak for 10 minutes on the plenary platform in front of 250 people at our annual Future of Ageing Conference (29th November, London).

“Auto-enrolment has successfully led to millions more saving each month towards a pension, but the Committee is right to call for action to get people saving more. We are pleased they support our recommendations to consider automatic escalation of pension contributions for some individuals, and we agree that a strategy is needed to automatically-enrol the self-employed."

Dr Brian Beach, Senior Research Fellow at ILC-UK and who gave oral evidence to the Committee, welcomes the Committee’s call for stronger action by Government and EHRC and says it’s crucial that employers understand what ageism really is.

CATEGORIES: