世界經(jīng)濟論壇-長壽經(jīng)濟原則：金融彈性未來的基礎(chǔ)（英）-2024.1

IncollaborationwithMercerLongevity

Economy

Principles:The

Foundation

for

a

FinanciallyResilient

FutureI

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4Images:GettyImagesContentsForeword34ExecutivesummaryIntroduction51

Principle1:Ensure?nancialresilienceacrosskeylifeevents1.1

Thecaseforaction671.2

Principlesinpractice91.3

Opportunitiesforcollaborationandimpact1.4

Topic

spotlight:Affordablehousing–thekeyto?ourishing1.5

Longevitystory:“Nevermanagedtofullyregainmycareer”2

Principle2:Provideuniversalaccesstoimpartial?nancialeducation2.1

Thecaseforaction1011111213141617181921222324252628292930313233343435363839404142442.2

Principlesinpractice2.3

Opportunitiesforcollaborationandimpact2.4

Topic

spotlight:Technology

–buildingresiliencethrough?nancialeducation3

Principle3:Prioritizehealthyageingasfoundationalforthelongevityeconomy3.1

Thecaseforaction3.2

Principlesinpractice3.3

Opportunitiesforcollaborationandimpact3.4

Topic

spotlight:Healthequity–foundationalforthelongevityeconomy4

Principle4:Evolvejobsandlifelongskill-buildingforamultigenerationalworkforce4.1

Thecaseforaction4.2

Principlesinpractice4.3

Opportunitiesforcollaborationandimpact4.4

Topic

spotlight:Earlychildhoodeducation–investinfuturecentenarians4.5

Longevitystory:Mid-careertransitions–lifelonglearningandsocialsupport5

Principle5:Designsystemsandenvironmentsforsocialconnectionandpurpose5.1

Thecaseforaction5.2

Principlesinpractice5.3

Opportunitiesforcollaborationandimpact5.4

Topic

spotlight:Lonelinessepidemic–asocial,notindividual,problem5.5

Longevitystory:Learningandadaptingarethekeystoresilience6

Principle6:Intentionallyaddresslongevityinequalities,includingacrossgender,

race,andclass6.1

Thecaseforaction6.2

Principlesinpractice6.3

Opportunitiesforcollaborationandimpact6.4

Topic

spotlight:Caregiving–howtocareforthecaregivers?ConclusionContributorsEndnotesDisclaimerThisdocumentispublishedbytheWorldEconomicForumasacontributiontoaproject,insightareaorinteraction.The?ndings,interpretationsandconclusionsexpressedhereinarearesultofacollaborativeprocessfacilitatedandendorsedbytheWorldEconomicForumbutwhoseresultsdonotnecessarilyrepresenttheviewsoftheWorldEconomicForum,northeentiretyofitsMembers,Partnersorotherstakeholders.?2024WorldEconomicForum.Allrightsreserved.Nopartofthispublicationmaybereproducedortransmittedinanyformorbyanymeans,includingphotocopyingandrecording,orbyanyinformationstorageandretrievalsystem.LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture2January2024LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFutureForewordRichNuzumExecutiveDirector,InvestmentandGlobalChiefInvestmentStrategist,MercerHalehNazeriLead,LongevityEconomy,WorldEconomicForumToday’s

worldismarkedbyunprecedentedtransformationanddisruption.Yet

onetrendremainsconstantandinevitable–theageingofourglobalpopulation.Thelongevityeconomyprinciplesdescribedinthefollowingpagesoffera

cross-industry

approachtotacklingglobalissuesinanageingsocietywhileshapingafuturethatensuresthe?nancialresilienceofallgenerations.designs.However,

allindividualsyearnforsimilaroutcomes:meetingtheirbasic?nancialneeds,enjoyingahealthylife,accessingemploymentopportunitiesandlivingalifeimbuedwithpurpose.Thisisnotaneasytopic.Dif?cultconversationswillneedtotakeplace.Mostpeopledonotliketotalkaboutdeathormoney,butthesetabootopicsareatthecruxofthisdiscussion.Otherdelicatesubjectsincludethewidespreadageismthatmanyolderworkersexperience,thegrowinggenderpensiongapthatisexacerbatedbywomentakingonthevastmajorityofcaregivingdutiesandthevastgulfinretirementsavingsbetweendifferentracesandsocioeconomicclassesaroundtheworld.Theseprinciplesareastartingpointtoaddressthemostpressingchallengesthatsocietywillfaceinthislongevityeconomy,rangingfromachieving?nancialresiliencetolivingalongandhealthylife.Theyhavebeendesignedbyamultistakeholderconsortiumofleadersacrossthe?nancesector,healthindustry,academiaandgovernment.TheseprinciplesofferaplacetobeginthisThelongevityeconomyprinciplesaimtoframeasharedapproachtoanissuethateachcountryaddressesdifferently.Pensions,retirementsystemsandsocialbene?tsvaryfromonenationtoanother,differinginrules,retirementagesandprogrammeconversationwithaunifyinglanguageandaclearguidingdirection.Whilethistopicisextremely

broad,thisreportprovidesacompassforthenecessaryactionssocietiesandeconomiesmusttaketoprepareforthecomingdemographictransformation.LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture3Executive

summarySixprinciplestoaddressthechallengesofageingpopulationsandpromote?nancialresilienceforextendedlifespans.Demographic

ageing

isprofoundly

affecting

the

globaleconomicandsocialfabric,acceleratedbydecadesofdecliningbirthrates.Whileimproved

lifeexpectancyisaremarkableachievement,manypeoplecannotfundtheseextrayears.TheWorldEconomicForum’s

LongevityEconomyInitiativehasconvenedleadersacrossbusiness,governmentandcivilsocietytoestablishlongevityeconomyprinciples.Theseprinciplesaimtoraisethepro?leof

the

longevity

discussion,

promotingalignmentacrosssectorsinaddressingthedemographicand?nancialchallengesofglobalageingandsupportingindividualstoberesilientintheirlongerlives.TABLE

1

SixprinciplesforthelongevityeconomyEnsure?nancialresilienceacrosskeylifeeventsNearly40%globallyface?nancialinstabilityafterunplannedcareerinterruptions,includingcareerbreaks,illnessorunexpectedretirement.thesechallenges.1Public-privatecollaborationiscrucialtosupportindividualsnavigatingPrinciple1Principle2Principle3Principle4Principle5Principle6Provideuniversalaccesstoimpartial?nancialeducationOnly33%oftheglobalpopulationisdeemed?nanciallyliterate,

contributingtowealthinequalities,stronglycorrelatedwithlifeexpectancyinequalities.Comprehensive,

impartial?nancialeducationempowersindividualstomakeinformed?nancialdecisions.2PrioritizehealthyageingasfoundationalforthelongevityeconomyAroundone-?fthoflifeisexpectedtobelivedwithillness,3and80%ofadultsindevelopingcountriesareconcerned

withthecostofmedicalexpenses.forboththeindividualandbroadersociety.4Equitableaccesstohealthservicescanfacilitatewell-beingEvolvejobsandlifelongskill-buildingforamultigenerationalworkforceInternationally,upto25%ofindividualsaged55andolderwishtoworkinoldagebutfacebarriersin?ndingopportunities.

Demographicshiftsandtechnologyinnovationsrequirejobsandskill-buildingto5adaptandevolve,enablingindividualstoextendtheirworkingyearsasdesired.DesignsystemsandenvironmentsforsocialconnectionandpurposeSocialconnectionisintegraltohealthylongevity.Sociallyisolatedolderadultshaveahigherriskofpoorhealthandearlierdeath.Intentionaldesignofsystemsandenvironmentsforsocialconnectioncanmitigatetheseimpacts.Intentionallyaddresslongevityinequalities,includingacrossgender,

raceandclassBene?tsoflongevityarenotdistributedequitably.Advocacyforpayandpensionequity,aswellassupportforinformalcaregivers,

are

someofthecrucialelementstoensurethat?nancialsecurityandthebene?tsoflongevitycanbemoreaccessibletoall.LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture4IntroductionBy2050,over2.1billionwillbeagedover60.Multistakeholdercollaborationisessentialforasustainableandequitablelongevityeconomy.In2020,1billionpeoplewereagedabove60;by2050,thisnumberisprojectedtohavemorethandoubledto2.1billion.Whilepopulationageingstartedinhigh-incomecountries,itisnowlow-andmiddle-incomecountriesthatareexperiencingThefollowingsetoflongevityeconomyprincipleshasbeendevelopedinanefforttocreateacommonlanguageandframeworktobringtogetherthemanycorefactorsthatanageingpopulationneedstoconsiderinordertoagewell.thegreatestchange.6Increasesin

lifespans

require

a

corresponding

increasein

time

spent

in

good

health.

Employers

need

to

createaninclusiveenvironmentforallgenerations,witheducationandreskillingopportunitiesavailableforallworkersinthemultigenerationalworkforce,notonlyforyoungandnewemployees.Findingpurposeisessential

to

remaining

happy

and

healthy

in

a

longer

life,anda

continuedfocusonequalityisvital,particularlyto

supportthosefromdisadvantagedbackgrounds.Forindividualstothriveintheirlongerlives,anintentionalfocuson?nancialresilienceisessential.Basedona2023S&Psurveyof81countries,ifageing-related?scalpoliciesdonotchange,thetypicalgovernmentwouldrunade?citof9.1%ofgrossdomesticproduct(GDP)by2060,comparedwith2.4%in2025.

Itispredictedthatpeople7worldwidecouldriskoutlivingtheirretirementsavingsbybetweeneightanduptotwentyyears,withthehighestburdenonwomen.8MultistakeholderengagementHowever,

afocuson?nancesaloneisnotenough.Increasingly,itisbecomingapparentthattoenablegreater

?nancial

resilienceof

ageing

global

populations,societyneedstotransformhowitunderstandsandviewsageing.Businesses,governmentsandcivilsocietymustcollaboratetotacklelongevitychallenges,includingfallingbirthrates,retirementequity,healthyageing,asustainableworkforce,ageismandthegrowinglonelinessepidemic.Theselongevityeconomyprinciplesaimtoestablishlong-lastingsolutionsthatempowerindividualsto?ourishandleadsustainable,resilientlives.Governments,employersandindividualshaveasharedresponsibilitytoensurethe?nancialresilienceofthefuturebyrede?ningwhatitmeanstoretire,investinginwaystoretainproductivetalentforlonger,

enablingageingpopulationstocontinuetoengageintheworkforceinmeaningfulways,facilitatinggreaterlevelsofshort-termandlong-termsavings,andinvestinginhealthandwell-being.Aholisticapproachtolongevityand?nancialresilienceFundamentally,theselongevityeconomyprinciplesplacetheindividual’sneedsattheheartofthediscussion.Theworldisfacingaglobalcrisisofpublictrust,inwhichmanypeoplearelosingfaithininstitutions’abilitytoservetheirneedsoverthelongerterm.Stakeholdersmustworkcollaborativelytoensurethatfuturesolutionsaddressthechallengesandharnesstheopportunitiesofthelongevityeconomyinawaythatisgroundedinstability,accountability,equityandintegrity.Thecurrentdialoguearoundlongevityislargelyfragmented.Differentsectors,organizationsandgovernmentpoliciesaretargetingindividualaspectsthroughavarietyofperspectives,suchashealthyliving,effectiveretirementsavings,long-termcaregivingandimprovingopportunitiesforolderworkersintheworkforce.BOX1

ChapterstructureForeachlongevityeconomyprinciple,thereisashortdescription,followedbythefollowingsections:–Opportunitiesforcollaborationandimpact:Howcanpublic,privateandnot-for-pro?t

sectorscollaborateonaddressing

theseprinciples?–Thecaseforaction:Whyisitcriticaltoaddressthisprinciple?Whatistheimpactonindividuals,workplaces,socialsystems,andsocietyatlarge?Additionally,therearetopicspotlightsandlongevitystories.Topic

spotlightsprovidedeeperinsightsintoimportanttopicsthatcouldnotbefullycoveredineachprinciple.Longevitystoriestellrealstoriesofpeoplewhoeitherembodytheprinciplesoraredeeplyimpactedbythemtoillustratetheheartofthiswork.–Principlesinpractice:Howhaveideasbehindthisprinciplebeenappliedaroundtheworldindifferentcontextsandacrossdifferentsectors?Whatnewideascantheseapplicationsgenerate?LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture5Ensure

?nancialresilienceacross

keylifeeventsPrinciple1Buildingpublic-privatecollaborationstosupportindividualsduringtimesof?nancialchallenge.LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture6Keylifeevents,bothplannedandunplanned,havethepotentialtopushindividualsandtheirfamiliesto?nancialhardshipand,inextremecases,thebrinkofpoverty.Theselifeeventscanincludeunplannedandplannedcareerbreaks,lay-offs,caregivingresponsibilities,illhealth,thedeathoflovedonesandretirement.Howcanthepublicandprivatesectorscollaboratetoensurethatindividualsduringtimesof?nancialchallengehaveequitableaccesstoresources,insurance,savingsprogrammesandstrategiestosupporttheir?nancialresilience?1.1

ThecaseforactionAccording

to

the

World

Bank,

the

number

of

peoplein

extreme

poverty

increased

by

approximately

70wouldrunoutofsavingswithin

a

month

and

28%within

a

week.10

This

precarious

?nancial

situationimpacts

not

only

thewell-beingofeachindividualbutalsotheirperformanceinthe

workplace

andthesustainability

of

social

systems.million

in2020alone.

Ina2020surveyofthe9Organisationfor

Economic

Co-operation

andDevelopment

(OECD)membercountries,iftherewerealossofincome,approximatelyhalfofpeopleFIGURE1

Differencesinavailable?nancialcushionPercentagesofadultswhorespondedtheyhavea?nancialcushiontolastthem(i)Oneweekorless;(ii)Savingsbetween1monthand6months;and(iii)Savingsof6monthsorabove;and(iv)answerswithdon'tknow.

Sortedbythesizeofthegapbetween(iii)and(i)MontenegroGeorgia51503081127716122214MoldovaIndionesiaNorthMacedoniaRussia474634724941423635910137Croatia36354512HungaryRomaniaBulgaria43711171022182210161193031414110MalaysiaColombiaPoland244541102845234813Peru26274518Estonia23PortugalSloveniaItaly24404325121544121210202210102719Czechia1615452726GermanyAustria4712444534SouthKoreaHongKong,ChinaAverage37755141463928401823OECD-1120430102030405060708090100OneweekorlessSavingsbetween1monthand6monthsSixmonthsoraboveDon’tknowNote:MaltaandThailanddidnotaskthisquestionintheirsurveysandarenotinthis?gure.TheOECDmembercountriesinthesampleare:Austria,Colombia,CzechRepublic,Estonia,Germany,Hungary,Italy,Korea,Poland,PortugalandSlovenia.Source:OECD,OECD/INFE2020InternationalSurveyofAdultFinancialLiteracy,2020,/?nancial/education/oecd-infe-2020-international-survey-of-adult-?nancial-literacy.pdf.LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture7Impact

on

the

individual:

The

2021

Global

Findex

bytheWorldBankreportedthat41%ofadultsgloballywould?nditeitherimpossibleorverydif?culttoaccessemergencymoneywithin30days,and65%areworriedabouthavingenoughmoneyfornormalmonthlyexpenses.11

Financialworriesarehighlycorrelatedwithpsychologicaldistress.12

Nothavingenoughmoneysavedforretirementandoutlivingone’s

moneyremainsoneofthebiggest?nancialworries.13

Thisdistressimpactsanindividual’sabilityto

functioninday-to-daylife,aswellastheircapacityto

saveandplanfortheirlonger-termfuture.indicatethat?nancialstresshasseverelyormajorlyimpactedtheirproductivityatwork.14

Organizationsestimatethatlostproductivitydueto?nancialstresscouldcost11-14%ofpayroll.15

Employersarebeingincreasinglyurgedtobettersupportthe?nancialresilienceoftheirworkforcebyincorporating?exibilityinworkarrangements,ensuringaccesstoqualityhealth,retirement,savingsandriskbene?ts,offeringleaveincaseofillness,family,orcaregivingresponsibilitiesandcreatingopportunitiesforreskillingandcareeradvancement.Failuretoprovideemployeeswithatleastaminimumlevelofprotectionforlifeeventssuchasdeath,disability,oraprolongedperiodofseriousillhealthcanleadnotonlytonegativeconsequencesfortheemployeebutalsoreputationaldamage.Impactontheworkplace:Employersarealsoadverselyimpactedifemployeesaredistractedandsufferingfromstress.41%ofindividualsFIGURE2Personal?nancialissuesimpactemployeesphysically,emotionally,mentallyandsociallyEmployeessaythat?nancialstress/moneyworriesinthepastyearhavehadasevereormajorimpactontheir...Mentalhealth34Sleep333023211815Self-esteemPhysicalhealthRelationshipsathomeProductivityatworkAttendanceatwork01020304050Q:Inthepastyear,

howmuchofanegativeimpacthave?nancialstress/moneyworrieshadon...Source:PwC,2022PwCEmployeeFinancialWellnessSurvey,2022,/us/en/services/consulting/business-transformation/library/assets/pwc-2022-employee-?nancial-wellness-survey-results.pdf.LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture8WithoutImpactonsocietyandsocialsystems:Astheglobalpopulationages,thisposesachallengetothesustainabilityofsocialservicesandpublicbene?ts.A2023S&Psurveyacross81countrieswarnsthatwithoutadjustmentstoageing-related?scalpolicies,governmentscouldfaceasubstantialde?citincrease,projectinganincreasefrom2.4%ofGDPin2025to9.1%by2060.16

Additionally,asigni?cantportionofthepopulationhaslimitedaccesstopersonaloremployer-sponsoredsavingsoutsideoftheirpublicbene?ts.Forexample,intheUnitedStates,wherenearlyhalfoftheworkforceisemployedbysmallandmedium-sizedenterprises(SMEs),SMEsaresigni?cantlylesslikelythanlargeemployerstoprovidehealthandretirementbene?tsduetotheadministrativecomplexities,thetimeandcostofsettingupandrunningplans,andthe?duciaryrisksinvolved.Thepublicsectorhasacriticalroletoplayinco-designingandfacilitatingsystemsthatenabletheprivatesectortoimproveworkers’short-andlong-term?nancialhealthinamoreequitablemanner,

aswellasservingasasafetynetforthoseunabletowork.Collaborationwithprivatesectorandcivilsocietyorganizationstobuildpoliticalwillforactionisimperative.adjustments

toageing-related?scalpolicies,governments

couldface

a

substantialde?cit

increase,projecting

anincrease

from

2.4%ofGDPin2025

to9.1%by2060.Anyinterventionsdesignedtoaddress?nancialresilienceneedtobeintegratedintothefabricoftheoverall

system

and

should

not

place

the

burden

solelyon

the

individual

to

take

action.

Behavioural

economicshasaveryimportantroletoplayinaddressingthis,helpingtodesignpoliciestoguideindividualstotakeactionsthatbestservethemwhileretainingtheirownagencyindecision-making.Leveragingbehaviouralnudgesandworkinginalignmentwithindividuals’defaultbehaviourscanhaveastrongimpactonsupportingshort-andlong-term?nancialresilience.Findingwaystocompelorencouragethosewhocanaffordtopaytowardsensuringtheirown?nancialresiliencewillbeakeyelementofanoverallstrategythatwillcontinuetoprovidesustainablestatesupportforthosewhoreallyneedit.1.2

PrinciplesinpracticeCASESTUDY1Netherlands–redesigningoccupationalretirementplansTheNetherlandsGovernmentpassedalawin2023designedtomakeiteasiertoemployolderworkers,andtomakethesystemmoresustainableandtransparent.Undertheexistinglaw,

mostretirement

plans

are

either

de?ned

bene?tplansorage-relatedde?nedcontributionplans,underwhichcontributionsincreasewithage.related)de?nedcontributiondesignforfutureserviceby

1

January

2028

at

thelatest.Ifoverallcontributionsremainthesameasintheexistingplans,thenthiswillresultinhighercontributionratesforyoungeremployeesandlowercontributionsforolderworkers.Thehighrateofcontributionsforolderworkerswithintheexistingsystemhasbeenseenasabarrierforolderworkerstryingtorejointheworkforce.Thenewlawwillcompelalloccupationalretirementplanstoswitchtoa?at(non-ageCASESTUDY2Estonia–innovationsinsocialservicesAccordingtotheSocialProgressIndex,Estoniaisrankedinthetop15countriesintermsof“foundations

of

well-being”.17

With

a

population

ofjust1.3million,Estoniadoesnothavea

signi?cantwelfarebudget,andofallthecountriesinthetop15,ithasthelowestGDPpercapitabyalargemargin.To

achieveitswell-beingranking,Estonialeveragestechnologytoeaseadministrationinordertoutilizeitswelfarebudgetef?ciently,anditoffers

important

social

bene?ts

to

protect

individualsduringkeylifeevents,includingunemploymentinsurance,disabilityprotections

andoneofthemostgenerousparentalleavepoliciesacrossEurope.Forexample,sharedparentalbene?tsareprovidedforapproximately475daysinthe?rstthreeyearsofachild’s

life,whichcanbesharedbetweenbothparentsfor?exibility.18

Duringthistime,theparentwhoisgrantedtheparentalbene?tisinsuredwithstatehealthandpensioninsurance.To

facilitatetheprocessforapplyingtoaccesssocialservices,EstoniaprovideseveryonewithanationalIDcardthatprovidesonlineaccesstoallparentalbene?tsandleaveamountsonaself-serviceportalonline,andparentalbene?tscanbescheduledonadailybasisuntilthechild’s

thirdbirthday.19LongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture9CASESTUDY3UnitedKingdom–fromsaverstowinnersLinkingsavingstospeci?coffersorcreativelyincentivizingparticipationininvestingandtowinbetween￡25and￡1milliontax-free.20Inastudyoflottery-linkedsavingsinHaitiincollaborationwiththeWorldBank,21

wheremostHaitiansare

morefamiliarwithlotterywagersthanother?nancialtransactionsortraditionalsavingsproducts,theintroductionofalottery-linkedsavingsproductincreasedtotalupfrontsavingsby22%.WhilethisisstillonlyanexperimentalstudyinHaiti,theresearchindicatestheremightbeanopportunityforcreativeproductdesigntoenhance?nancialinclusionandsavings.savingsprogrammescanprovetobeimpactful.AnexampleisthePremiumBondintheUK,wheretheinvestmentproductsareissuedbyatrustedentitysuchasthenationalgovernment.However,

ratherthanearninginterestoradividendincome,anindividual’sPremiumBondisenteredintoamonthlyprizedraw.

IntheUK,thePremiumBondsissuedbyNationalSavingsandInvestmentallowpeopleanopportunity1.3

Opportunities

for

collaboration

and

impactFIGURE3

Howstakeholdergroupscancollaboratetoensure?nancialresilienceacrosskeylifeeventsForpolicy-makersForemployersDesign

policies

and

programmes

that

provide

individuals

withprotection

against

falling

into

poverty

as

aresultof

key

life

eventsProvideworkerswithaccessto?nancialsavingsandinsurancevehicles1212Provideworkerswithaccesstoareasonablewage,meetaminimum

standard

of

care,

and

directly

contribute

towardworkers’

retirement

savingsPartner

with

the

private

sector

in

designing

?nancial

savingsvehicles

that

allow

individuals

easy

and

equitable

access

toshort-term,

long-term

and

retirement

savings

programmes,with

aparticular

emphasis

on

supporting

underserved

sectorssuch

as

SMEsEducateandempoweremployeestotakeactiontowardstheir?nancialgoalsbymakingiteasytoseethelinkbetweenchangesmadenowandlonger-termoutcomes34Encourageretirementsavingsofindividualsbyproviding?nancialincentivesandofferingcomparableopportunitiescomparedwiththosewhohaveaccesstooccupationalplans3Supportinformalcaregivers

byproviding

workplacebene?tssuchascaregiving

leave,andcollaboratewithpublicsectortodeveloppoliciesandprogrammes

tosupportinformalcaregiversintheworkforceEnsurelong-termsustainabilityofsocialprogrammesthrough?scalresponsibility45Developpoliciesandprogrammesspeci?callytosupportinformalcaregiversintheworkforce,including?nancialsupport,respitecareandcaregivingskillstrainingEffectively

utilize

behavioural

?nance

principles

to

encouragesavings

at

an

individual

level6For?nancialservicesForcivilsocietyServe

as

the

trusted

resource

for

individuals

in

navigatingavailable

safety

net

bene?ts,

retirement

savings

and?nancialtoolsEffectively

utilize

behavioral

?nance

principles

to

encouragesavings

at

an

individual

level12123Develop

innovative

programmes

and

?nancial

savings

vehiclesand

incentives

in

partnership

with

public

sector

policiesCollaboratewiththepublicsectortogivevoicetotheneedsofcommunitymembersandensuretheyare

involvedintheprocessofco-creatingsolutionsBetransparentinthe?nancialservicesofferedandensurethe?nancialwell-beingofcustomersisprioritizedindecision-makingLongevityEconomyPrinciples:TheFoundationforaFinanciallyResilientFuture

101.4TOPICSPOTLIGHTAffordablehousing–thekey

to

?ourishingAccesstoaffordablehousingisthepredicateforallthingscriticaltohuman?ourishing:education,employment,personalsafetyandcommunity,22thekeytolong-term?nancialstabilityandafoundationforhealthylongevity.savings.IntheUS,sevenoutoftenlow-incomefamilies