Panel
Pivoting to Purpose: Defining the Next Chapter of Your Life (II)
Milken InstituteErrol Barnett, Marc Freedman, Sherry Lansing, Philip Pizzo, Lynda Resnick, Mike Shaw
- South Korean women are projected to exceed a life expectancy of 90 within a decade, with half of children born in the developed world since 2000 expected to reach their 100th birthday.
- By mid-century, the populations of Korea, Japan, Germany, Spain, and Italy are anticipated to have 40 to 50 percent of residents over age 60, while the U.S. population over 65 is expected to reach 20 percent within 14 years.
- In Japan, China, and parts of Europe, the population over 65 is projected to surpass 40 percent, creating a demographic reality where older adults outnumber younger people.
- Traditional retirement models relying on a finite "balloon payment of leisure" are predicted to fail as life expectancy approaches 100 years, necessitating new approaches to living longer than previously expected.
- Approximately 4.5 million people in the second half of life are expected to be engaged in "Encore careers," with another 21 million prioritizing such roles lasting roughly 10 years.
- Corporate strategies anticipate marketing to the 45-plus demographic, who have accepted their mortality, while shifting hiring and production practices, such as directing 50 percent of show casts to be women.
- A shift in perceptions regarding ageism is expected, driven by demographic imbalances, paralleling historical changes seen with other forms of discrimination.
- Efforts to address health disparities, specifically diabetes in the Central Valley, involve treating 12,000 individuals with free primary care, potentially impacting 55,000 children, and utilizing 15- to 16-year-olds to disseminate health messages.
- Intergenerational trends indicate rising levels of affection and living arrangements between older and younger generations, reaching levels not seen since the 1940s.
- A merging of older adults seeking to "do good" and young people driven by altruism and a desire to change systems like healthcare is expected to intensify, with future generations prioritizing truth and integrity against factual disregard.
- Social movements are predicted to drive equal pay demands through data and unity, particularly benefiting women, while younger generations are expected to show no prejudice regarding color or gender.
- Organizations in the not-for-profit sector are expected to see increased voluntary participation from youth who are eager to contribute, removing the need to solicit involvement.