# About the Longevity Economy initiative


**2.1 billion** Number of people above the age of 60 globally by 2050

**$400 trillion** The  global retirement savings gap by 2050

**80%** Percentage of old people in low and middle income countries by 2050


## Why does the Longevity Economy matter?

The world is experiencing a dramatic demographic shift, with the population aged 60 and older expected to double by 2050. This change is transforming economies, societies, and the way we live and work, yet current systems—retirement, healthcare, and workforce policies—are unprepared for longer lives.The longevity economy presents a unique opportunity to address these challenges while unlocking economic and social potential. By focusing on ageing, innovation, and collaboration, it seeks to ensure financial security, improve health, and strengthen social connections. This is about more than adapting to change; it is about creating systems that promote resilience, equity, and sustainability for all.


### Our role in shaping the Longevity Economy

The Longevity Initiative is at the forefront of addressing the challenges and opportunities of an ageing population. By convening a multistakeholder community of leaders from business, government, academia, and civil society, we are driving collaborative solutions to ensure financial resilience, promote healthy ageing, and foster social inclusion. Through partnerships, research, and action-oriented principles, the initiative works to redesign retirement systems, tackle inequalities, and empower individuals and organizations to thrive in a rapidly changing world. We are turning the vision of a sustainable and inclusive longevity economy into a reality.


## Timeline

*Chronological events and milestones*


### An initiative of the Centre for Financial and Monetary Systems

The Centre for Financial and Monetary Systems is designing and developing a financial system that effectively allocates capital and investment in support of planet, people, and communities.

[Discover more](https://centres.weforum.org/centre-for-financial-and-monetary-systems/home)