People are living longer and, in some parts of the world, healthier lives. This represents one of the crowning achievements of the last century but also a significant challenge. Longer lives must be planned for. Societal aging may affect economic growth and many other issues, including the sustainability of families, the ability of states and communities to provide resources for older citizens, and international relations.
Preparing financially for longer lives and finding ways to reduce aging-related disability should become national and global priorities. Experience shows that for nations, as for individuals, it is critical to address problems sooner rather than later. Waiting significantly increases the costs and difficulties of addressing these challenges.
To ensure older people's voices are among those making a contribution to defining the post-2015 sustainable development strategic goals Help Age International created the Global Age Watch Index. This index assesses 96 countries worldwide on how good they handle their aging populations to provide them with decent, active and healthy lives and enables policymakers to make necessary steps to improve the well-being of older people. This issue is of high importance because people do not stop developing when they reach the age of sixty and, thereby, have the same need and right to live in an environment that fosters their development just as it does the development of young people. This growing population will increase the need for sustainable, thoughtful delivery of services that match their evolving needs.
Excerpts from the US National Institute of Health publication, Why Population Aging Matters: A Global Perspective.
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Material Wellbeing index is calculated based on income per capita, unemployment rate, and income equality. Last year, Qatar took 1st place by GDP per capita. Norway was the only 9th, but it has one of the highest Material Wellbeing index scores. Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being
This index shows the level of happiness and fulfillment in a society as well as the effect of natural environment factors on the Quality of Life of individuals. It is constructed as the geometric mean of the happiness index and the natural environment index. Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being
Finances index illustrates the soundness of a country’s financial system and the level of returns to savings and investment and the preservation of the purchasing power of savings. It is the arithmetic mean of the institutional strength index and the investment environment index, which is calculated as the geometric mean of six indicators of the soundness of government finances and the strength of the financial system mentioned bellow. Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being