G20 Fukuoka Policy Priorities on Aging and Financial Inclusion

Categories : Customer and Users of Digital Payments, Financial inclusion


Author: Centre for Financial Inclusion

Aging is a global phenomenon. The number, and the proportion as a share of the population, of older people are both growing rapidly in many developed and developing countries. Other countries will experience such growth in years to come. The United Nations predicts that, by 2050, there will be over two billion people aged 60 and above worldwide. One in five people in developing countries will be 60 or more.

The GPFI has identified eight priorities. These aim to help policymakers, financial service providers, consumers and other actors in the real economy to identify and address the challenges associated with aging populations and the global increase in longevity. The priorities reflect policies and practices to improve outcomes for both the current generation of older people and future generations.