"Whether you’re 20, 50, 70, or 80, you’ve got more time ahead of you than previous generations. You can improve how you age at any time, but the earlier you start, the better." Economist and author Andrew J Scott joined McKinsey Health Institute Coleader Ellen Feehan to discuss the enormous opportunity that today's increase in life expectancy presents. https://lnkd.in/egyKeKTZ #HealthyLongevity #GlobalHealth
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I thoroughly enjoyed exploring the concept of an evergreen economy. With people living longer and an increasing number of individuals choosing to work later into life, the question arises: what do companies need to do to support an aging population and capitalize on the benefits of age-diverse teams? Author Andrew J Scott highlights that "age-diverse teams tend to make a firm work better." He further notes, "I think firms are often blind to the experience and knowledge that older workers have." While this is undoubtedly true, it is crucial to address the anticipated cognitive decline in our aging population. A peer-reviewed study published in The Lancet forecasts that global dementia cases will triple, reaching 153 million by 2050. Fortunately, there is a wealth of research-driven evidence on the positive impact of holistic health and physical activity on cognitive function. Now is the ideal time to invest in the physical, mental, and emotional health of your employees. These investments not only help prevent future cognitive decline but also enhance productivity, performance, and mental sharpness in the present. Longevity should be a top priority for every employer, as there is no better investment for your business.
"Whether you’re 20, 50, 70, or 80, you’ve got more time ahead of you than previous generations. You can improve how you age at any time, but the earlier you start, the better." Economist and author Andrew J Scott joined McKinsey Health Institute Coleader Ellen Feehan to discuss the enormous opportunity that today's increase in life expectancy presents. https://lnkd.in/egyKeKTZ #HealthyLongevity #GlobalHealth
The ‘evergreen economy’: Harnessing the power of healthy longevity
mckinsey.com
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McKinsey Health Institute Co-leader | Chief Scientist I Work as Medicine l Adjunct Professor I Author I Steerco Member @ WEF Healthy Workforces Initiative
What a GREAT conversation by my colleague Ellen Feehan and Andrew J Scott about #HealthyLongevity! Andrew Scott: “Something remarkable has happened. Global life expectancy is now over 70. In high-income countries, 50 percent of children are expected to live to their late 80s or early 90s. We’re living longer, but we’re not healthier for longer. We’ve also got to make sure we’re productive and engaged for longer. And that’s what I see as healthy longevity—how can we respond to this extra length of life that we’ve achieved to make sure that we’re not just living longer—but healthier, engaged, and productive for longer.” A hyper relevant topic for all! Follow this conversation here: McKinsey Health Institute
The ‘evergreen economy’: Harnessing the power of healthy longevity
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"We’re living longer, but we’re not healthier for longer." "What are the things I can do at 30, 40, 50, 60 to help me keep my health, keep my purpose, keep my sense of engagement." Good piece from the McKinsey Health Institute interview with Andrew J Scott. Hits on a lot of what's been on my mind over the past ~3 years at Virta Health. So much more we can do earlier to ensure we live healthier for much longer than is happening today. We're seeing improvements in our members, but this kind of longevity thinking isn't yet the norm in the industry. So much opportunity! https://lnkd.in/ewyavJ_S #longevity #healthspan #health
The ‘evergreen economy’: Harnessing the power of healthy longevity
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Advancing Women @ Work | Co-founder EvolveMe | Career Growth Workshops for Organizations & ERGs | Return to Work & Midlife Transition Coaching for Women | Keynote Speaker | Board Director | Wellness Warrior 🧘♀️
Last week I had the pleasure of attending AARP + Venture Vitamin's enlightening event on the longevity economy. This powerful gathering brought together leaders from diverse industries for a crucial conversation about the future of aging. The evening underscored several key takeaways that deeply resonated with me: 1) The longevity economy is booming: Did you know? AARP's research reveals that the 50+ population contributes a staggering $45 trillion to the global GDP, representing a whopping 34% of the total. That's more than three times the combined revenue of the world's top 100 companies! 2) Staying active is key: As we age, prioritizing our health becomes even more critical. This is true not just for longevity but also for maintaining productivity and engagement in our careers. 3) Purposeful work matters: The conversation highlighted the value of finding purpose and meaning in our careers, regardless of age. A fulfilling work life not only contributes to personal well-being but also fuels the ongoing growth of the longevity economy. 4) Re-careering keeps you relevant: Our careers are no longer linear. If you embrace re-careering and up-skilling at different points along the way you can stay up to date and relevant in today's workforce. And knowing you can learn new things at any age and stage is energizing! 5) Supporting caregivers is essential: With a growing older population, the need for strong caregiver support systems is stronger than ever. Women 55+ account for more than 1/3 of all people providing care to older people on any given day. We discussed innovations for providing resources and assistance to caregivers, ensuring the well-being of both care recipients and caregivers themselves. This event served as a powerful reminder of what Linda Lautenberg and I know to be true in the EvolveMe 🦋 community -- that aging is not a decline, but an opportunity! Who should you tag? Industry leaders, healthcare professionals, entrepreneurs, anyone interested in the future of aging. Let's continue the conversation! Share your thoughts about longevity and what works for you to best prepare for the future. We want more for you in midlife and beyond! Karen L. Mercer Ariella P. Golomb, MD Daniella Kahane #longevityeconomy #aging #AARP #futureofwork #caregiversupport
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Food for thought for all ages :-) We know that people who live longer are those who have a sense of purpose, a sense of community, and a sense of engagement. So adapting to longer lives is, in some sense, the ultimate collaborative activity. If we’re going to age well, we really need to make sure that our biological age stays as young as possible, for longer. [As for] chronological age, I’m not sure it’s useful. It’s often a very misleading concept. We need to think about aging very differently. The ultimate point here is that we’ve got to change how we age so we don’t outlive our health, our wealth, our finances, our skills, our relationships. If we’re going to change how we age, then at whatever your age, you should be behaving differently from past generations. Andrew J. Scott is professor of economics at London Business School, cofounder of the Longevity Forum, and serves as an advisor to the McKinsey Health Institute (MHI). Ellen Feehan is a partner in McKinsey’s New Jersey office and coleader of MHI’s healthy longevity team.
The ‘evergreen economy’: Harnessing the power of healthy longevity
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McKinsey examines the potential of the 'evergreen economy' driven by healthy longevity. Discover strategies to harness the economic benefits of an aging yet active population and how this shift can foster sustainable growth and innovation. #EvergreenEconomy #HealthyLongevity #SustainableGrowth #AgingPopulation #McKinsey #Innovation #EconomicStrategy https://lnkd.in/egyKeKTZ
The ‘evergreen economy’: Harnessing the power of healthy longevity
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According to the McKinsey Health Institute (MHI), "we are living longer, but we are also spending more years in poor health." Over the last 60 years, for every year of life gained, we spent an extra 6 months in poor health. Healthy longevity means that a person is physically, mentally, and socially functioning through middle and older ages, with a socially connected, reasonably pain-free and short period before end of life. Investing in healthy longevity could save millions of lives in low and middle income countries and extend millions more lives by 2050, resulting in enormous economic benefits. This event spotlights the World Bank’s new report “Unlocking the Power of Healthy Longevity: Demographic Change, Non-communicable Diseases and Human Capital.” Panelists will explore policies, lessons, and strategies to capitalize on this opportunity for individuals and societies.
Unlocking the Power of Healthy Longevity
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There's a huge shift from the focus on lifespan to healthspan. Lifespan refers to the total length of time a person is expected to live, from birth to natural death. Lifespan typically varies depending on factors such as genetics, environmental influences, and lifestyle choices. The average human lifespan has increased significantly over the past century due to advances in medicine, nutrition, and public health, with global life expectancy currently ranging around 70 to 80 years, depending on the country. Lifespan is distinct from healthspan, which refers to the period during which a person remains healthy and free from serious chronic diseases. While lifespan measures the total years lived, healthspan focuses on the quality of those years. Understanding and improving both lifespan and healthspan is a key focus of modern healthcare, particularly in the context of longevity research and aging. Thanks McKinsey Health Institute for this insightful article with useful advise on how to increase healthspan! With Veltracon Medical, we developed a service to assist you to accomplish and maintain a healthy life for as long as possible. 📩DM for more info #HealthSpan #Longevity #Lifespan #AntiAging #ConciergeMedicine #PersonalisedHealthcare
🌿 Healthy Aging: Six Shifts for Living Longer and Better 🌿 As we live longer, healthy aging has become a priority. According to McKinsey's latest report, six key shifts are needed to ensure better quality of life in our later years. These include promoting preventive healthcare, strengthening brain health, and addressing social isolation. By focusing on mental, physical, social, and spiritual health, we can extend not just lifespan, but healthspan, leading to more fulfilling lives well into old age. Learn more about the strategies needed for healthy aging here: 👉 https://lnkd.in/gDUPEern 📩 DM for more information on our comprehensive medical membership program and learn how you can benefit from our global network of preferred medical specialists, fast track appointments and much more! #HealthyAging #Longevity #PreventiveCare #PersonalisedHealthcare #BespokeMedicine #Wellness #Wellbeing #Healthspan #ConciergeMedicine
Living longer in better health: Six shifts needed for healthy aging
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Through collaboration and concerted action to address health in cities, leaders across sectors and industries have the potential to help drive an additional 20-25 billion years of higher-quality life, or approximately five years for every person living in an urban environment. In our latest McKinsey Health Institute report, my colleagues Hemant Ahlawat, Erica Hutchins Coe, Lars Hartenstein, Drew Ungerman, and I identify a roadmap of actions to improve health and reduce disparities at the city level. To unlock this possibility, it will be critical to focus on healthy longevity, brain health, climate-health resilience, and the health workforce to add years to life and life to years. Read the full report: https://lnkd.in/exChA_Jb #HealthyCity #HealthEquity
How to achieve great health for all? Start in your city.
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CEO and Board Advisory for Digital Health, Health, Healthcare and Wellness organizations, especially focused on Innovation/ Technology for Healthy Aging and/or Vulnerable populations.
It has been headline news that the US has seen a declining or flat average life expectancy for several years now –it is now 80 for women, 77 for men with a 78 average. What is not often talked about however is that healthy #longevity or #healthspan is also flat or declining, with the US now in the top 10 countries in the world with a gap of over 10 years of poor health (actually 12 years in 2024). By 2050, U.S. life expectancy is expected to grow to just over 80 (only 2 years more) but healthy #lifeexpectancy will be just 67 — a gap of 13.4 years (and this is up from 10.4 years in 1990 in a timeframe when the #olderadults or #seniors population will more than double in size to 82 million). While many #chronicconditions (such as #heartdisease, #cancer, #diabetes #dementia, #copd, and more) are thought to be the main culprit for these future challenges (and means that our #healthcare spending with grow significantly) we forget that our #health in the US and rest of the world is also significantly affected by factors that we can change, if we give them more attention and focus. I have listed 6 of the most pressing and impactful ones below on this chart. Once again, what a fabulous opportunity this presents to #entrepreneurs and #intrapreneurs to #innovate and apply #technology in a range of ways to help -even minor inroads in any of these will make a dramatic difference and may just mean that we can reverse these negative trends. Thoughts appreciated. #entrepreneurship #aging #healthyaging #wellness #care #healthtech #ehealth #mhealth #digitalhealth #ai #populationhealth #jtbd #sdoh #communityhealth #healthequity #populationhealth #consumerhealth https://lnkd.in/dqhbDHtg?
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