Future Proofing the Longevity Economy 2025

Images: Getty Images Contents Foreword 3 Executive summary 4 Introduction 5 1 Building resilient public retirement systems 8 1.1 The case for action 9 1.2 Understanding the challenges 9 1.3 Spotlights on innovation 11 1.4 A path forward 13 2 From accumulation to decumulation 14 2.1 The case for action 15 2.2 Understanding the challenges 16 2.3 Spotlights on innovation 18 2.4 A path forward 20 Feature: Technology and AI in the longevity economy 21 3 Role of employers in financial well-being 23 3.1 The case for action 24 3.2 Understanding the challenges 25 3.3 Spotlights on innovation 26 3.4 A path forward 28 Feature: Extreme heat, climate change and the longevity economy 29 4 Economics of caregiving and long-term care 31 4.1 The case for action 32 4.2 Understanding the challenges 32 4.3 Spotlights on innovation 34 4.4 A path forward 36 Feature: The future of the longevity economy 37 5 Pathways for economic growth 39 5.1 The case for action 40 5.2 Understanding the challenges 41 5.3 Spotlights on innovation 42 5.4 A path forward 44 Actions for impact 45 Conclusion 49 Contributors 50 Endnotes 53 Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are the result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders. In this paper, many areas of innovation have been highlighted with the potential to support the longevity economy transition. The fact that a particular company or product is highlighted in this paper does not represent an endorsement or recommendation on behalf of the World Economic Forum or Mercer, and should not be relied on for such purposes. Future-Proofing the Longevity Economy: Innovations and Key Trends 2