CEO Julio Portalatin discusses what increasing life expectancy means for the world's retirement systems.
- 70% of millennials expect to keep working later in life to maintain their desired quality of life.
- 2/3 of adults expect to live past 80, but only 1 in 3 expect to have enough money to afford it.
Mercer’s Healthy, Wealthy and Work-Wise: The New Imperatives for Financial Security examines the forces profoundly impacting how people live, work and save.
Download the global and country research reports to see where financial security risks are the greatest and please check back with us here for additional updates.
Healthy, Wealthy and Work-Wise is Mercer’s initiative that equips all decision makers – governments, employers and individuals – with the insights, data and technology-driven solutions needed to create a new people experience. With contributions from industry leading partners including the World Economic Forum, Stanford Longevity Centre and the Milken Institute we are bringing together experts to help people around the world live the life they want to today, and secure the quality of life they desire tomorrow. The research was conducted in 12 countries, with 7,000 adults and 600 senior leaders from private and government sectors and identifies critical imperatives for financial security in the areas of health, action, technology and structures.
Join us to explore what leaders believe will be the biggest advancements impacting how people live, work and save — including structural and technological changes needed to address the financial security gap of at-risk segments.
Time to retire retirement
- People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
- 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
- 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
- 86% say that continuing to develop professional and personal capabilities is important.
Ensuring Financial Security for all Requires Structural Changes
- There is a savings gap, health gap and tools gap — and no one should be left behind.
- Millennials are the largest segment of the workforce and will change jobs more frequently than any other.
- Women face a gender gap in salary inequity, career continuity and access to employer-sponsored plans — and are significantly more stressed than men.
- The “gig” economy and informal workforce face gaps in access and affordability of retirement and benefit plans.
Recap from Davos
On January 24th at the World Economic Forum’s annual meeting in Davos, Switzerland, Mercer’s President and CEO Julio Portalatin and Global Leader for Individual Wealth, Renée McGowan convened leaders from the public and private sector to explore new approaches addressing financial security and to closing the long-term savings gaps.
Watch a replay of the live stream with guests; Joan Lamm-Tennant, Chief Executive Officer and Founder of Blue Marble Microinsurance a for-profit social enterprise, Joyce Russell, President of Adecco Staffing US, and Debra Whitman, Chief Public Policy Officer for AARP, and Senator the Hon Mathias Cormann, Minister for Finance, Australia.
Joan Lamm-Tennant, PhD, CEO and Founder of Blue Marble Micro Limited, shares the importance of rethinking our narrative
Senator the Honourable Mathias Cormann, Minister for Finance of Australia, discusses how we plan and adapt to living longer
Full Replay - Healthy, Wealthy and Work-Wise: New Imperatives for Financial Security Breakfast
How Mercer Can Help
The stress of financial security is impacting all countries, organizations and people and is the next global crisis. Leaders need to work together to ensure financial security does not become the next generation’s burden and the time to cultivate financial security is now.
Mercer’s retirement, investment and financial wellness programs help employees take action and reduce financial worries while employers increase workforce engagement and productivity. Contact us to find out more.
By Renée McGowan. Published on 29 August 2018 on BRINK.
By Renee McGowan. Published on 10 January on WEF.org as part of the World Economic Forum Annual Meeting.
We set out to understand the drivers of female advancement and identify the steps organizations can take to leverage this movement for change.
Joan Lamm-Tennant, PhD, CEO and Founder of Blue Marble Micro Limited, shares the importance of rethinking our narrative.
By Renee McGowan. Published on 15 August 2018 on the World Economic Forum’s Agenda Blog.