Healthy, Wealthy and Work-wise: The New Imperatives for Financial Security

Healthy, Wealthy and Work-wise: The New Imperatives for Financial Security

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Healthy, Wealthy and Work-wise: The New Imperatives for Financial Security

MERCER AUSTRALIA


 

Mercer’s Healthy, Wealthy and Work-Wise: The New Imperatives for Financial Security examines the forces profoundly impacting how people live, work and save.  
 

Consider this:

  • 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.

Healthy, Wealthy and Work-Wise is Mercer’s recently released global research report that aims to equip all decision makers – governments, employers and individuals – with the insights, data and technology-driven solutions needed to create ensure financial security is available to all. With contributions from industry leading partners including the World Economic Forum, Stanford Longevity Centre and the Milken Institute, the report delivers insights that aim to help people around the world live the life they want to today, and secure the quality of life they desire tomorrow.

This important 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. 

"Financial security requires new tools and technologies, as well as new ways of thinking and collaborating among individuals, governments, and organisations to boost health, savings and skills alike" - Renee McGowan, Global Leader, Individual Wealth, Mercer.
 

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.

The time is now to retire old notions of retirement and for employers and governments to partner in ensuring financial security is available to all.

Download the report 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.
 

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