The Power of Touch
2019
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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.
2019
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GCOA partnered with the National Alliance for Caregiving and Nestlé Skin Health SHIELD to create tools to help caregivers better understand how something as seemingly simple as touch can be both empowering and transformative in the caregiving relationship.
The Power of Touch materials include a video and a companion booklet to provide caregivers with practical information about how to care for the skin of their care recipients. These materials are intended to give caregivers the tools and knowledge they need to feel empowered and meaningfully impact the health and wellbeing of their care recipients.
2019
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The 2019 Aegon Retirement Readiness Survey finds that retirement readiness varies across the 15 countries in the survey, and that more needs to be done to help people of all countries be more prepared for retirement. The report explores people’s retirement preparations including the need to remain in paid employment longer, stay physically and mentally active, maintain health, and have the ability to remain in their home and communities throughout their lives. Among the key findings, U.S. workers expect they will need to replace 67 percent of their current income in retirement (global 68 percent). But only 32 percent feel they are on track to achieve that level of retirement income (global 25 percent).
2019
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In May 2019, GCOA released a new white paper upending the prevailing view of deteriorating vision as an inevitable consequence of aging and calling on policymakers and stakeholders to prioritizing healthy vision as we age on the public health and economic policy agendas.
The Life Course of Healthy Vision white paper examines the health and economic impacts of visual impairment and vision loss and calls on policymakers, health systems, employers, and advocates alike to prioritize action to reduce the global burden of visual impairment and vision loss. Based on insights from GCOA’s December 2018 Life Course of Healthy Vision roundtable, the white paper identifies barriers to adequate eye care – including ageism, health system silos, treatment burden, strained capacity, and policy – and calls for immediate action across five key pillars: Access and Capacity, Financing, Research, Education, and Workplace.
2019
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In April 2019, Merrill Lynch and Age Wave released the final report in their series on life stages, Early Adulthood: The Pursuit of Financial Independence. The new report, based on a survey of 2,700 early adults, finds that those between the ages of 18 and 35 are struggling to achieve financial independence, with many already having drawn on their retirement savings to pay off debt. And nearly three-fourths of early adults say they would benefit from more financial guidance – more so than those in any other life stage. These findings have important implications both for today’s older adults, the parents of these early adults, and for how society and financial institutions can better help adults across the life course plan and save for retirement.
2019
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In June 2018, GCOA launched a groundbreaking report demonstrating how relationship-based home care can enable ongoing delivery of high-quality, person-centered, and outcomes-based care to older adults while bending the healthcare cost curves exploding across Europe.
This Chinese translation of the Relationship-Based Home Care report outlines the benefits of relationship-based home care to individuals and their families, to the care ecosystem, and to societies and proposes a set of policy actions to support the integration of this innovative form of care into European health and care systems. See the original report and infographic in English.
2019
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In April 2019, Bayer and the Global Coalition on Aging released a white paper calling on policy makers to address cardiovascular disease to promote healthy aging. The paper highlights the current momentum from the global health community that makes now the opportune time to advance a healthy aging agenda for cardiovascular diseases. The report calls for specific policy actions in three areas that will advance ongoing innovation and engage a wide range of stakeholders: awareness, innovation, and collaboration.
2019
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A new study of 3,000 American adults age 55 and older explores a range of topics, including what people most want to be remembered for (memories shared with loved ones, said more than two-thirds of the respondents) and the benefits of having your affairs in order. The study, conducted by Bank of America Merrill Lynch in partnership with Age Wave, also found a disconnect between intention and action: nine out of 10 adults are open to discussing end-of-life preferences with friends and family, but only 18% have the three recommended essentials in place: a will, health care directive, and durable power of attorney.
2019
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This January 2019 report, by GCOA Advisory Council member Nicholas Eberstadt, examines China’s demographic profile over the next 20 years. According to Eberstadt’s study, China is set to experience an extraordinarily rapid surge of population aging, with especially explosive population growth for those 65 and older, even as its working-age population, conventionally defined as 15-64, progressively shrinks. These changes – and how China adapts to them – will have enormous implications for its economy and society.
2019
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On July 9-10, 2019, the Government of Finland and the Global Coalition on Aging convened the first-ever Silver Economy Forum for government and business leaders. Following the success of the Helsinki Silver Economy Forum, GCOA was invited to bring the issues highlighted in the Silver Economy Forum to the annual World Summit on the Information Society 2020, followed by other global SEF convening in New York and China.
In 2019, the Global Coalition on Aging teamed with the Government of Finland to present the first-ever global conference of government and business leaders focused solely on the business of aging. Featuring CEOs of global companies, government leaders, NGOs and global institutions, the inaugural Silver Economy Forum:
These two days of thought-provoking panels and speeches were complemented by an expo area for showcasing current and future innovations. In October 2019, GCOA released the report Five Powerful Ideas for Capturing the Value of the Silver Economy, based on the expert insights and recommended actions from the Forum.
Following the success of the Helsinki Silver Economy Forum, GCOA was invited to bring the issues highlighted in the Silver Economy Forum to the annual World Summit on the Information Society 2020. GCOA created and implemented the event’s first-ever track on the role of Information Communication Technologies in our 21st Century Aging Societies. This year the Forum is a virtual event that began on June 22nd, 2020 with an opening session hosted by GCOA, and will run through September 10, 2020.
Visit the Silver Economy Forum website to learn more about Helsinki, WSIS, and other Silver Economy Forum events.
2018
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In November 2018, GCOA and Nutricia released a report highlighting the need for a focus on nutrition as a core element of healthy and active aging. Nutrition is an increasingly important solution for meeting the WHO’s goal of functional ability, and the report calls on stakeholders to take action to maximize the potential of good nutrition in the Decade of Healthy Ageing.
2018
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This infographic briefly outlines the benefits of relationship-based home care to individuals and their families, to the care ecosystem, and to society and proposes a set of policy actions to support the integration of this innovative form of care into the United Kingdom’s care system.
2018
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This infographic briefly outlines the benefits of relationship-based home care to individuals and their families, to the care ecosystem, and to society and proposes a set of policy actions to increase the visibility and availability of this innovative form of care in the Australian aged care system.
2018
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In November 2018, GCOA partnered with the Tokyo-based Health and Global Policy Institute to convene an expert meeting on “The Impact of Innovation Across Technology, Health, Care and Urban Design for Super-Ageing Societies.” The meeting brought together 30-40 top Japanese and global experts across academia, government, NGOs, and the private sector to exchange views and gain insights that would be helpful to inform future discussions.
Key public policy areas of focus included encouraging healthier lifestyle choices, adopting smoking cessation programs, accessing innovative medicines to address unmet medical needs, utilizing preventive adult vaccines to immunize against diseases that disproportionately affect the aging, expanding models of care to enable older adults to remain at home as they age, adopting remote care technology to facilitate more coordinated and more efficient care, and promoting a more active and mobile 21st century society with age-friendly urban design.
In April 2019, the two organizations jointly released a report in English and in Japanese offering recommendations on these critical topics to policymakers and other leaders across global society.
2018
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GCOA and the Business Council for International Understanding co-sponsored a luncheon discussion on Value-Based Healthcare Systems and Noncommunicable Diseases (NCDs). The exclusive high-level dialogue featured a keynote address by a key NCD Stakeholder as well as an expert panel chaired by Pan American Health Organization (PAHO) Director Emeritus Sir George Alleyne and included medical experts and institutions, Multilateral Development Banks, and key global government and private sector stakeholders. Taking place on the eve of the 2018 UN High Level Meeting on NCDs, the event showcased how emerging countries that are developing their health systems and addressing the challenges of NCDs have an opportunity to create health systems that incentivize value and outcome.
2018
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This new report from the Transamerica Center for Retirement Studies shows that American workers are more secure in their retirement preparations now than before the Great Recession. However, findings in the report underscore the ongoing need to further improve retirement security. For example, the study finds that household savings in all retirement accounts have dramatically increased since their pre-recession levels but that many are still “guessing” their retirement savings needs. Further, the percentage of employers that offer retirement plans has remained unchanged from 2007.
2018
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The Guiding Principles for the Multi-Generational Workplace help companies create workplaces that embrace and support workers of all ages – key to success in a rapidly aging world. Companies that endorse these seven principles not only will be seen as forward-thinking and ahead of the game, they also will be positioned to realize tangible gains in productivity, competitiveness, and worker satisfaction.
Global companies of the future will likely look very different from those of today for two reasons. First, as a consequence of 20th-century gains in longevity, advances in healthy aging, and increasingly flexible working environments, many more people will be willing and able to work into their 60s, 70s, and 80s. Second, declining birth rates will lead to a dramatic shiftin the proportion of “old” to “young” in societies around the world. The retention, recruitment, and full participation of older workers may well become a necessity for companies accustomed to attracting most new hires in their 20s and 30s and focusing development on the first part of an employee’s career.
These trends are universal, impacting businesses in both the developed and developing world. They create market opportunities to meet product and service needs of the significant and growing over-60 demographic. They will change the dynamics of workplace engagement and increase opportunities for intergenerational collaboration and mentoring of younger workers by older workers and vice-versa. And they will amplify the need for better work/life balance as people live and work longer in the 21st century.
We, as leaders of global industry, recognize the promise and opportunity of workplaces aligned with 21st-century demographic realities. We believe that our companies, as well as the communities in which we operate, stand to benefit from creating “age-diverse workplaces” with tangible, measurable gains in terms of productivity, competitiveness, and worker satisfaction.
2018
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In this new study, part of the 18th Annual Retirement Survey, Aegon’s Transamerica Center for Retirement Studies (TCRS) interviewed more than 1,800 for-profit employers to gain insights about how they are helping their employees prepare for retirement. The study compares the employer survey findings with TCRS’ survey of workers. Today, many workers want and need to extend their working lives to financially prepare for longer retirements – and they need more support from their employers. The findings in this survey illustrate ways that employers are out of sync with workers in regard to perceptions and business practices related to older workers.
2018
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In August 2018, GCOA led a workshop on Remote Care Innovation for Elder Caregiving at the International Federation on Ageing (IFA) 14th Global Conference on Ageing conference in Toronto, Canada. The workshop explored cutting edge innovations in remote care and how these new technologies are creating efficiencies in care and improving quality of life for older adults. Panelists included John Beard, Director, Ageing and Life Course Department, World Health Organization; Dave Ryan, GM, Health Sector, Internet of Things Group, Intel; Jisella Dolan, Chief Advocacy Officer, Home Instead Senior Care; and Shurjeel Choudhri, Senior Vice President and Head, Medical and Scientific Affairs, Bayer.
The IFA Conference was titled “Towards a Decade of Healthy Ageing – From Evidence to Action,” in response to the World Health Organization (WHO) Global Report on Ageing and Health and the subsequent goals of the WHO Global Strategy and Action Plan (2016). The conference revolved around four key themes related to the field of ageing and featured prominent experts presenting and discussing critical issues.
In addition to the session on Remote Care, GCOA also hosted a Farewell Dinner for Dr. Beard.