The International Longevity Centre - UK (ILC-UK) is a think tank established in 1997 to study the impact of longevity on society. ILC-UK has expertise in demographic change, aging, and longevity. Its goal is to propose future scenarios with confidence and pioneer solutions so everyone can benefit from increased longevity. Preventing poor health is important for both individual well-being and economic productivity. As populations age, older individuals' economic contributions will become more significant. To fully realize the potential of aging societies, at least 6% must be invested in preventative healthcare.
Digital Transformation of the Heritage Sector and its Practical Implications
David Sinclair at Ageing Fit conference 2021
1. International Longevity Centre - UK
ILC-UK was established in 1997 as one of the founder members of an international network on
longevity.
In the UK, we’re the specialist think tank on the impact of longevity on society.
We have unrivalled expertise in demographic change, ageing and longevity.
We want a society that works for everyone, regardless of their age.
We produce evidence-based research so we can propose future scenarios with confidence.
We provoke and pioneer solutions so everyone can realise the benefits of demographic change.
2. Key messages
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#LongevityDividend
• Our failure to prevent ill health is a cost
to our economies
• Far from being a cost to the public
purse, older people’s economic
contributions are significant – and
growing
• Good health underpins a longevity
dividend
• To unlock the economic potential of an
ageing society, we need to invest at
least 6% in preventative health
3. The cost of failing to prevent is high
27.1 million years
lived with disability due to largely preventable conditions in 2017 in
better off countries
653 billion USD
yearly productive loss as a result of our snapshot of non-
communicable and communicable diseases
‘Better off’ refers to high and high-middle Socio-Demographic Index (SDI) countries. SDI combines per-capita income, educational attainment, and
total fertility rate and places countries and regions along a development spectrum.
Years lived with disability quantifies the total number of years a population lives in less than ideal health.
5. Older people’s spending represents a global
export opportunity
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#LongevityDividend
In 2015, older households spent
USD 9.7tn > GDP of Japan,
Australia, Canada & Brazil
combined.
Fastest growing sectors serving
older consumers include:
• Housing & utilities
• Recreation & culture
• Transport
• Health
6. Good health enables economic growth
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#LongevityDividend
• Older people in better health, who have good cognition, are not limited in
daily activities & report being in good health, are more likely, (once relevant
factors have been controlled for):
• to be in work
• volunteer often (and spend more time on this)
• spend more
• Pattern is found across countries
Health underpins a longevity dividend
7. Health underpins a longevity dividend
Join the conversation: @ilcuk
#LongevityDividend
• Employment and spending rates at older
ages are higher in countries that:
• spend more on health as a % of GDP
• have higher flu vaccination rates
• have healthier older populations
• Older people spend more
time volunteering in countries that:
• spend more on health as a % of GDP
• older people are heathier.
8. We need to turn intent into action
“We will promote healthy and active ageing through policy
measures to address health promotion, prevention and control of
communicable and non-communicable diseases”
June 2019 G20 Leaders’ Summit
“We will promote … health by implementing policy measures
including raising awareness about healthy lifestyle and health
literacy […] over the life course.”
October 2019 G20 Health Ministers’ Communique
10. We spoke to people to find out how to make
prevention across the life course a reality
11. From our conversations the messages
were clear
There are barriers to be overcome and new ways of
working needed.
12. How can we make prevention across the
life course a reality?
Notes de l'éditeur
Huge business opp Older households’ (aged 50+)spending averaged 22% of GDP in 2015 across the G20; on aggregate this amounted to USD 9,669 billionb – more than the combined GDP of Japan, Australia, Canada and Brazil.
But despite the already substantial positive economic impact of older people – we can maximise this further. These contributions vary considerably across countries – which means there are opportunities to learn from best practice. In particular, differences in health may be a key factor in explaining this variation.
But despite the already substantial positive economic impact of older people – we can maximise this further. These contributions vary considerably across countries – which means there are opportunities to learn from best practice. In particular, differences in health may be a key factor in explaining this variation.
As part of the ILC-UK we are seeking to influence and learn from international experts…
We are delighted to be here and to hear from you.
As part of the ILC-UK we are seeking to influence and learn from international experts…
We are delighted to be here and to hear from you.
