AgingWell Hub Retirement Guide
2022
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Taking On Longevity with Market Innovation
We develop initiatives that focus on meeting the challenges of worldwide aging with groundbreaking market solutions and progressive public policies.
Through our white papers, roundtables, webinars, presentations to third parties, and other communications materials, we are leading the global aging dialogue and providing public education designed to enable healthier and more active aging.
2022
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In August 2022, Georgetown University’s AgingWell Hub released its the first No Normal Retirement Journey Map and Guide, a practical and interactive tool for re-imagining and charting paths to and through retirement. The Journey Map draws on the expertise of twenty-nine of the world’s leading experts on life in retirement – including GCOA CEO Mike Hodin and GCOA members Bank of America, Home Instead, and Transamerica – as well as a comprehensive review and integration of findings from more than 200 pieces of research on the evolving nature of retirement.
This new resource offers individuals tools to visualize and plan the various stages, events and decision points along the retirement journey, and the personal, emotional, and financial consequences of each. The Journey Map illustrates how six primary levers—health, finances, learning, purpose, community, and resilience—can be used to navigate the journey to a happy, financially secure and fulfilled life after a full-time career.
The Retirement Journey Map was developed by the Georgetown AgingWell Hub, designed by Human Spark, and commissioned through the support of the Alliance for Lifetime Income’s Retirement Income Institute.
2022
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In April of 2022, Global Coalition on Aging convened a cross-disciplinary and cross-sector group of global experts to consider public policy changes necessary for continued biomedical innovation that will enable 21st century healthy longevity. The roundtable was convened by GCOA to take action in support of the global UN/WHO Decade of Healthy Ageing and in response to the proximate challenges to health and longevity highlighted by the COVID-19 pandemic. This roundtable and report were made possible by support from GCOA member Eli Lilly & Company.
The roundtable identified five key principles to frame how today’s and tomorrow’s health value propositions should be judged and four calls-to-action which would transform how health innovation is recognized and rewarded in order to foster healthy aging in the 21st century.
2022
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A June 2022 report from the Transamerica Center for Retirement Studies (TCRS) in collaboration with Transamerica Institute finds that fewer than three in 10 workers (29 percent) believe they are saving enough for retirement. The report, Emerging from the COVID-19 Pandemic: The Retirement Outlook of the Workforce, is part of TCRS’ 22nd Annual Retirement Survey, one of the largest and longest-running surveys of its kind. The new report examines the impacts of the COVID-19 pandemic, including the health and financial well-being and retirement outlook of the workforce. It highlights the urgent need to strengthen the U.S. retirement system and outlines recommendations for doing so.
The 22nd Annual Transamerica Retirement Survey polled a nationally representative sample of more than 10,000 people in late 2021. This report is based on 5,000+ people who self-identified as employed full-time or part-time by other, self-employed, or unemployed but looking for work.
2022
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In late 2021, GCOA convened a cross-sector group of Canadian and global experts and caregivers for a roundtable discussion to examine the critical importance of vaccinating Canada’s caregivers against influenza, current barriers, and opportunities for action to improve awareness and uptake of the vaccines. Following the roundtable, GCOA released a report, Tip of the Iceberg: Vaccinating Canadian Caregivers Against Influenza, which summarized the key insights and takeaways from the discussion.
The report included three broad calls to action for Canada:
2022
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A new report by the Global Coalition on Aging, 21st Century Health System Resilience: Lessons From the Pandemic on Innovation and Healthy Aging explores the imperative for global health care systems to realign in order to accelerate innovation to meet the challenges – and opportunities – posed by the scientific miracle of longevity and the aging of society. The report was made possible through support from GCOA members and a generous sponsorship from Biogen.
The United Nations’ and World Health Organization’s recently launched Decade of Healthy Ageing is a welcome sign that global policymakers understand the need to make health systems more responsive to the demands of aging societies.
According to the report, “Fully aligning health care systems to a world with 2.1 billion people over age 60 by mid-century will require innovation on a massive scale that can only be achieved by fundamentally re-examining the way countries regulate and reimburse the treatments we will need to care for our growing aging populations.”
Most national health systems were created to provide and pay for acute care – where people are treated for brief but severe periods of illness. The “disease-cure” model worked when lifespans were short and diseases of aging were more rare. But it is not designed for a world where billions of people live for decades with steadily worsening conditions like Alzheimer’s disease, osteoporosis and cardiovascular disease.
The report outlines several potential areas of reform:
“Reimagining healthcare systems to meet the needs of healthy aging and an overall healthier society has been proven in times of crisis, such as the COVID-19 pandemic,” said Michael W. Hodin, CEO of GCOA. “Policymakers must recognize the value of these investments and the power that comes with enabling better prevention, diagnosis and treatment. In our aging world, to continually innovate must be a scientific, political and investment priority.”
2022
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For the third year in a row, GCOA partnered with ITU and the WSIS Forum to host the WSIS Forum Special Track on ICTs and Older Persons and again host the WSIS Healthy Ageing Innovation Prize in 2022. Throughout the first week of May, GCOA and WSIS organized a series of sessions examining the potential for digital technologies in an aging world, including how they can help combat age-based discrimination in the workplace, achieve healthier aging, build smarter cities, ensure the financial inclusion of older adults, and support millions of caregivers across the world and in digital inclusion across the generations to enable the Decade of Healthy Ageing. GCOA co-organized this special track in collaboration with stakeholders including Centre for Socio-Eco-Nomic Development (CSEND), E-Seniors, UN Agencies -ITU, WHO, UN DESA, and others.
The WSIS Healthy Ageing Innovation Prize recognizes and award the best digital technologies that support healthy and active aging for adults age 60+ in one of five categories:
The winner, HiNouNou, and 11 finalists were selected by a panel of international judges and announced the first week of June 2022. The winner and finalists receive a cash prize as well as recognition at the WSIS Forum.
Click here to see descriptions and watch video from each of the sessions ICTs and Older Persons track.
Watch Mike Hodin’s interview below on the significance of the WSIS Special Track on ICTs and Older Person in today’s world:
https://www.youtube.com/watch?app=desktop&v=osCIE5Pn9g0&list=PLpoIPNlF8P2PZ5ASutU7eWwvIRHj50exn&index=42022
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In April of 2022, Global Coalition on Aging (GCOA), in partnership with the Permanent Missions of Chile and the Republic of the Philippines, United Nations Department of Economic and Social Affairs (UNDESA), and the World Demographic & Ageing Forum (WDA Forum) Global Longevity Council, hosted an official side event of the 55th Session of the Commission on Population and Development at the United Nations in New York to launch “Living Longer Around the World: Opportunities and Challenges,” a new report authored by the WDA Forum Global Longevity Council. The report offers positions for policy makers and strategy planners based on age demographics to 2035 for 31 countries representing all levels of economic development, 70% of the global population, and 76% of global GDP.
The speakers from around the world included:
2022
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This document, Supporting Healthy Aging with a Hospitable Innovation Environment: Consensus on Policy Reforms and Actions, outlines a set of core policy principles to enable the advancement of innovation, but also to ensure broader, deeper and more equitable access to ongoing innovation advances. It is based on insights and consensus achieved at a multi-sector stakeholder roundtable organized by GCOA in late 2021. The roundtable dialogue considered the public policy and market shifts stemming from otherwise very different, but equally visible health crises over the past four decades – HIV, COVID-19, and noncommunicable diseases – and brought about a unique joint understanding of the innovation solutions that mitigated the crises, immensely improving lives, creating value for society and providing a basis for reducing the associated economic and fiscal burdens.
2022
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Preventable visual impairment is a missed opportunity that is growing in prevalence as the population ages. Age-related visual impairments, like presbyopia – which first begins to impact people around age 40, at the prime of their working lives – remain an underrecognized priority for governments and employers alike.
Left unaddressed, presbyopia and other preventable visual impairments will have cascading impacts across healthcare and the 21st century workplace. This infographic, created in partnership with the International Agency for the Prevention of Blindness, outlines many of the these impacts and associated costs. The paper calls for actions by policymakers and employers to prevent avoidable visual impairments like presbyopia and help enable the participation of adults of all ages across society, in the workplace, and at home.
2022
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The Home Care Association of America (HCAOA) released its latest report, State of Home Care: Industry at a Crossroads, in February 2022, in partnership with GCOA. This report showcases data, industry challenges, and new policy priorities concerning the state of home care in the United States. The report calls on home care industry leaders and policymakers to unite around initiatives that address the rapidly growing demand for care and to help Americans age in their own homes with comfort, safety, and independence.
The COVID-19 pandemic put home care at the epicenter of a national discussion about the importance, safety, and value of care for older Americans. From how and where people want to age, to who will care provide care, to how Americans will pay for it, the future of America’s long-term care system hangs in the balance for millions of people and the workforce who provides the care they rely on at home. Click here to learn more about the report.
2022
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This series of infographics and policy brief outline the challenges that antimicrobial resistance (AMR) poses to governments, societies, and healthcare systems in the EU, Japan, and the United States. The infographics describe the burden of drug resistant infections in each of the regions, including economic impacts, as well as explain some of the challenges related to the development of new antibiotics to replace those that are rapidly becoming ineffective. Each piece suggests a clearly defined set of actions that policymakers should take to begin to address the growing global threat of AMR. These materials were released alongside GCOA’s provocative new paper Wonder Drugs Vs. Superbugs: The 21st Century Battle to Save 10 Million Lives a Year.
2022
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This startling paper, published by the Global Coalition on Aging in February 2022, asks readers to imagine a world in which commonly used medicines no longer protect us from disease and suggests four steps for leaders in government, business, and across society to help avert the public health crisis widely referred to simply as antimicrobial resistance, or AMR.
Following on the release of the first comprehensive analysis of the global impact of AMR, published in The Lancet in late January 2022, the GCOA paper aims to demystify the terminology and clearly lay out the global threat posed by rising drug resistance and accompanying lack of effective new drugs in the development pipeline.
The paper was released alongside a series of regional infographics and Calls to Action on AMR for the United States, the European Union, and Japan.
2022
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In October 2021, as a partner of the OECD Forum, GCOA brought together experts for a virtual dialogue on the topic: “Investing in Health Innovation for OECD Ageing Societies: Models for Healthier, Active, and Fiscally Sustainable 21st-Century Ageing.” More than 20 cross-sector, cross-discipline global stakeholders discussed the health and economic imperatives for new solutions that enable healthy ageing, including representatives of the Japanese government, private companies, patient groups, and researchers.
The roundtable identified promising pathways for OECD countries to galvanize new innovations to predict, prevent, and address age-related health challenges, mitigate the costs of these challenges, and ensure fiscal sustainability in a world of more old than young. While the roundtable participants were clear on the importance of access and reimbursement for healthy ageing in OECD societies, it was emphasized that innovation for new and much-needed solutions, including therapies, vaccines, digital technologies, and models of care, must first be realized.
2022
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When Cancer Grows Old: Assessing the Socio-economic Burden of Cancer and Ageing and the Policies Required, a new report released in February 2022, examines the growing socioeconomic impact of cancer amid the global mega-trend of aging and makes recommendations for policies needed to more effectively address the growing burden. With an eleven-fold increased risk of cancer for those age 65 and older, the economic impact of cancer is expected to grow in lockstep with population aging, from 1 to 2% of GDP in 2020 to around 3% by 2040.
The report specifically identifies three areas for improvement in National Cancer Control Plans:
When Cancer Grows Old: Assessing the Socio-economic Burden of Cancer and Ageing and the Policies Required was created by KPMG and funded by GCOA member Sanofi.
2022
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This research report examines the implementation of national action plans (NAP) to address antimicrobial resistance (AMR) in Egypt, Russia, and South Africa. The report identified seven essential components of sustainable NAP implementation:
Despite different stages of plan development and implementation among the three countries, the report highlighted several shared areas for improvement among the countries, including improving the transparency of funding sources and allocations, regularly reporting progress against AMR goals, and monitoring non-therapeutic use of antimicrobials in animal health. The research was conducted by the London School of Economics Consulting with a research grant from GCOA member Merck.
2021
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On November 22, 2021, Biogen, the Global Coalition on Aging (GCOA) and Alzheimer’s Disease International (ADI) launched a report evaluating 10 European countries on how well they are addressing Alzheimer’s disease. The development costs of the 2021 Alzheimer’s Innovation Readiness Index (AIRI) were funded by Biogen. The 2021 AIRI was created in partnership with GCOA and ADI. It is the fourth such collaboration between GCOA and ADI and the first to focus solely on Europe.
The Index was created based on extensive desk research of more than 120 metrics, expert interviews, and survey responses. The main findings include:
2021
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More than 2.2 billion people worldwide have a visual impairment or vision loss, and this number is poised to grow because the risk increases with age. Over 90% of vision impairment worldwide is avoidable. However, an estimated 802 million older people across the world are living with preventable vision loss but have no access to eye care. As part of the agenda for healthy ageing, advocates and stakeholders across the vision and ageing communities must collaborate and communicate to policymakers and the public the importance of good vision and eye health to healthy ageing. Advocates and stakeholders must call upon governments across the world to consistently incorporate vision and eye health across all ages, including older adults, into relevant policy initiatives and commit to implementation.
This advocacy brief, created in partnership with the International Agency for the Prevention of Blindness, the International Federation on Ageing, and the European Council of Optometry and Optics, outlines the need for action to support a life course of healthy vision and outlines 6 policy windows to help achieve this.
2021
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The Healthy Aging Circle, an expert dialogue presented by GCOA with our member company Bayer, spotlights scientific innovation and multistakeholder collaborations as driving forces to achieve the goals of the UN/WHO Decade of Healthy Ageing. The video features an impressive roster of thought-leading voices from across industry, science, global institutions, and beyond to discuss some of the most exciting innovations in healthy aging to date and their outlook for future advancements.
In addition to GCOA leadership, contributors to the video include Dr. Mike Devoy, Chief Medical Officer and Executive VP of Medical Affairs & Pharmacovigilance, Bayer; Dr. Nir Barzilai, Director of the Einstein-Institute for Aging Research and Professor of Medicine and Genetics at Albert Einstein College of Medicine; Jisella Dolan, Chief Global Advocacy Officer, Home Instead; Caitlin Donovan, Global Head, Uber Health; Amal Abou Rafeh, Chief of Programme on Global Aging and Development, UN DESA; Doreen Bogdan-Martin, Director, Telecommunication Development Bureau, International Telecommunication Union; Julie M. Viola, Business Marketing Manager, Connected Care Informatics and Virtual Care, Philips; Dr. Lothar Roessig, Group Head, Clinical Development, Bayer Pharmaceuticals; Brian Drozdowicz, SVP, Head of Integrated Care, Digital Health, Bayer; Andre Belelieu, Head of Insurance & Asset Management Industry, World Economic Forum; and Joe Coughlin, Founder & Director, MIT AgeLab.