November 2020

23Nov

China to introduce new policies to tackle ageing population

China is planning to include new measures to encourage more births and address issues associated with its rapidly ageing population and shrinking workforce as part of its new 2021-2025 “five-year plan”, according to state media. Read also Malaysia is ageing, raise retirement age to 65 gradually, says World Bank Citing experts, the official China Daily newspaper said on Monday that the Chinese government will offer extensive financial and policy support to encourage couples to have more children. Read also Australia’s...

November 23, 2020
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17Nov

Building Better Retirement Systems in the Wake of the Global Pandemic

By Olivia S. Mitchell In the wake of the global pandemic known as COVID-19, retirees, along with those hoping to retire someday, have been shocked into a new awareness of the need for better risk management tools to handle longevity and aging. This paper offers an assessment of the status quo prior to the spread of the coronavirus, evaluates how retirement systems are faring in the wake of the shock. Next we examine insurance and financial market products that may...

November 17, 2020
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06Nov

How the pandemic is changing what retirement means to consumers: Survey

COVID-19 is having a fundamental impact on retirement, according to a study by Principal. One in five respondents said the effects of the pandemic were “changing the definition of retirement,” including 23% of people who were already retired. COVID-19 is having a fundamental impact on retirement, according to a study by Principal. One in five respondents said the effects of the pandemic were “changing the definition of retirement,” including 23% of people who were already retired. The study highlights...

November 6, 2020
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05Nov

The technologies that could transform ageing

At the start of the summer, Paula Tinkler was ready to take her career in a new direction. This may not be unusual – but the speed with which she was able to make the transition was. Within a week, she was shadowing a carer in Workington, England. Within a month, she was working as a carer herself. Not only was her training rapid – it also took place completely in her own home. “I began the recruitment process...

November 5, 2020
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October 2020

30Oct

COVID-19 and the Future of Aging: A Public Health Forecast

Milken Institute Center for the Future of Aging: What has the COVID-19 pandemic shown us about the importance of investment in public health — are there opportunities for improvement that can be made in time to help? Dr. Linda Fried: COVID-19 has unmasked so many areas where the United States has not invested adequately to protect its people. A key example is our public health system. It should be responsible for creating seventy percent of the health of our...

October 30, 2020
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29Oct

Highlights of China’s elderly care over past five years

China has been running at full tilt to foster a social environment in which senior citizens are respected, cared for and live happily in the span of the 13th Five-Year Plan (2016-2020), given the country's fast-growing aging population. By the end of 2019, China had a population of 254 million aged 60 or above, accounting for 18.1 percent of the national population. The number is expected to exceed 300 million in the next five years, according to the Ministry of...

October 29, 2020
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26Oct

Young people in the UK expect to retire before turning 64

On average, young people between the ages of 18 and 34, expect to retire at the age of 63 and eight months, while one in eight are looking to retire by 55, new data has shown. A survey by Opinium for investment platform Hargreaves Lansdown said that in contrast, those over 55 expect to retire on average at 67 and 11 months, with 20% aiming to stop work after 70. The current average age of retirement in the UK...

October 26, 2020
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23Oct

Number of people working beyond retirement age on the rise in Germany

According to new statistics, around 1,3 million people in Germany who have reached the standard retirement age were still employed in 2019. Living to work The number of pensioners who are still working continues to rise in Germany. At the request of the AfD, the Federal Employment Agency has revealed that around 1,29 million people who had reached the standard retirement age were still gainfully employed in 2019. This amounts to around 400.000 more people compared to 2010, a...

October 23, 2020
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22Oct

COVID-19 and the Future of Aging: Prospects for Older Workers

An AARP executive on jobs, flexible work and intergenerational unity (This article is the third in a weekly joint series on COVID-19 and the Future of Aging from the Milken Institute Center for the Future of Aging and Next Avenue. The articles are Q and As with thought leaders in fields ranging from health care to retirement planning to work to intergenerational relationships.) Milken Institute Center for the Future of Aging: How can older and younger employees work together in this...

October 22, 2020
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September 2020

29Sep

Longevity gap: Poverty remains a scourge. India must focus on economy, public health

At 69.4 years, India’s life expectancy has made almost a 20 year leap from 49.7 in 1970-75. While this is no mean feat, the sobering reality is that Japan was here in 1960 and China in 1990. The link between poverty and life expectancy is fairly obvious looking at the India story. People in Delhi, Kerala, Jammu & Kashmir, Himachal Pradesh, Punjab, Maharashtra and Tamil Nadu with lower incidence of extreme poverty live longer than the national average. Poorer...

September 29, 2020
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