McKinsey Health Institute’s Post

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.

"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

Many children born in this millennium are expected to live beyond their 100th birthday, and the over 60s population is expected to double to 2bn by 2050. Despite notable gains in life expectancy, the corresponding increase in healthspan—the years lived in good health—lags behind. Our team shares reflections on the untapped opportunities of healthy ageing from the Global Healthspan Summit, hosted by the Hevolution Foundation: http://econimpact.co/d7 #aging #healthspan

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

Living longer or living better: a critical question we must answer. I've been pondering this question for a long time, especially since the launch of VivaWell in Mexico. Medicine has made significant progress, extending our lives over the years. Just one statistic to prove it: life expectancy was around 50 years at the beginning of the 20th century, jumping to almost 77 years by the end of the same century. In recent years, we've also witnessed substantial progress in further extending our lives. Today, it's common to see things that were once rare: children in their 70s or 80s caring for parents in their 90s or 100s. Life has lengthened, but the big dilemma is whether this extension has been achieved while maintaining physical and mental well-being, allowing people to continue doing what they love—playing sports, entertaining themselves, being independent, etc. In other words, is it about life itself or merely prolonging life as we know it? This recent article in The Wall Street Journal by journalist Alex Janin addresses the issue. McKinsey & Company has also incorporated this topic into an excellent report from the McKinsey Health Institute, aptly named "Adding years to life and life to years." The analysis indicates, "the share of our lives we spend in poor health has not diminished over time. On average, people spend about 50 percent of their lives in less-than-good health, including 12 percent in poor health" – data based on World Bank Data, the Global Burden of Disease Study, and The Institute of Health Metrics and Evaluation. But what is the solution to these problems? It requires a paradigm shift. The first key point is prevention. Both the McKinsey report and this article emphasize it. Yes, the key is to focus on prevention rather than solely concentrating on treating diseases when they occur. This also involves the intelligent use of data to analyze each person's situation and generate appropriate strategies. Another crucial factor, among others, is promoting habit changes and instilling responsibility in each person to become the CEO of their health. This new perspective, attempting to create a trend in healthcare, is being implemented at VivaWell. Looking at health from a new and responsible standpoint will lead us to live longer and better. #health #trends #healthtech #wellbeing #leadership #futureisnow #longevity McKinsey Report: https://lnkd.in/dBswWYzx

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

We all talk about #Longevity but to we talk about the same concept? The conversation around 'longevity' is trending: conferences, articles, webinars. In discussions with various people I understand more and more that there is a wide spectrum of differing interpretations what Longevity is about. ⚕ 1. The Spectrum of Longevity: Lifespan Extension vs. Healthy Aging Some view longevity as the pursuit of an extended lifespan, reaching ages beyond 100 with the aid of medical and biotechnological advancements (the very original definition of longevity). Others focus on healthy aging, emphasizing a life of quality and vigor, potentially up to 80 or 85 years, where health and vitality are prioritized. 🥦 2. Longevity's Age-Related Focus: From Senior Care to Supplements Longevity discussions also vary in terms of age focus. While some strategies and solutions are tailored to those over 65, there's also significant interest in supplements and lifestyle interventions that can enhance life quality at any age with a goal to slow down or reverse the aging process (healthspan focus). 👨💻 3. #AgeTech and Longevity: Intersecting with, Not Synonymous to, Longevity The relationship between AgeTech and longevity is often misinterpreted. While there's a substantial intersection among these areas, they are not synonymous. AgeTech is tools and technologies designed to enhance life quality of the older population (but do not enhance health nor slow down aging). Without doubt AgeTech contributes significantly to the longevity discussion by offering solutions for better management of age-related conditions. However, longevity as a concept is broader, encompassing not just these technological interventions but also biological, financial, and personal lifestyle aspects. 💰 4. Financial Longevity: Essential for #Lifespan and #Healthspan Financial planning is integral to longevity, addressing the need for resources to support both a longer life and a healthier one. This involves preparing for extended retirements and ensuring adequate funding for healthcare and lifestyle needs in older age. Longevity, in its full scope, is a multi-layered topic. It includes the pursuit of extended life, quality aging, and the role of technology and finance in these goals. By understanding the distinct yet interconnected roles of AgeTech, #digitalhealth, and other factors, we can better navigate and contribute to the longevity landscape. ❓ Let me know, what is your definition of Longevity? What is your focus? Have I missed a perspective? #aging #longevity #definition

Critically important information. So, how do we affect change at the policy & "law writing" level? Carrot incentivization to participate vs. Stick rules with punishments for not complying? This is a great place to have this conversation with all the brilliant minds "in the room" on LinkedIn. What do you write into your Area Agency on Aging plans? What do you request and require with your Growth Management Act at the state level? What you do you advocate for in the actual wording for your updates to zoning and building codes to allow more flexibility with ADU's and MIL apartments for the 50 population (where additional parking may not be needed per "door", which dictates many development building and unit counts)? ...which would also soften the national housing stock shortage & affordability crisis. I'm meeting with our own cities/county as a Planning Commissioner and consulting as a licensed Architect specializing in Aging in Place with the residential side of our practice for the past 15 years. Now we are working at the national level with www.ForeverHome-US.com to leverage our experience and help bring these much needed changes to the way we design our houses and create our ForeverHome.

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 Erica Hutchins Coe, Lars Hartenstein, Pooja Kumar, 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 that stakeholders 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/dFHMycQz   #HealthyCity #HealthEquity

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