A new report from the American Geriatrics Society, titled 'Health and Wealth in the Age of Longevity,' confirms that health, financial, demographic, and social challenges will persist throughout life, but it suggests their effects can be mitigated through comprehensive societal reforms. The report states, 'We can mitigate their impacts by reshaping society to support older adults and by enhancing financial literacy and a culture of longevity, providing individuals with a practical roadmap that begins at birth and continues through old age.' The report also discusses the complexities of estimating life expectancy, which is linked to interconnected factors such as gender, race, socio-economic status, and education level. It adds that responsibility lies not only with individuals but also with society: 'We must find ways to support individuals as they age.' The report highlights that to fully benefit from medical advancements and healthier habits that have added years to people's lives, individuals need to acquire specific skills and competencies to enable a longer, higher-quality life. According to the British website 'Medical Express,' the report presents three main pillars as the foundation for achieving comprehensive well-being in old age:
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Making conscious financial decisions about earning, saving, spending, borrowing, and investing. The report views possessing these skills as a fundamental condition for stability throughout life's stages.
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A realistic and objective understanding of life expectancy, allowing for sustainable planning of an extended life.
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Social, health, and financial equity that enables individuals to thrive in their additional years, not just survive.
The report concludes, 'By making sound decisions throughout life, individuals can fully prepare to embrace the stage of old age, whatever path they choose.'
