Shaping the Global Agenda on Ageing

The report examines the risks associated with age-related cognitive decline, particularly regarding financial security and fraud, and proposes a multidisciplinary approach called "whealthcare" to link health and wealth management.

• Age-related cognitive decline increases the vulnerability of older adults to financial errors and exploitation, particularly in wealthier nations where they hold the most resources. In the US, those over 50 are projected to control approximately $14 trillion, or over 50% of the GDP, by 2032.
• Financial abuse of older adults in the US is a significant issue; while a 2011 MetLife study estimated costs at nearly $3 billion annually, a more recent True Link Financial study suggests the actual amount is more than ten times higher.
• The report proposes the concept of "whealthcare," which advocates for the integration of healthcare and wealth management. This includes training financial professionals to recognize signs of cognitive impairment and enabling physicians to discuss financial management with patients.
• Technological innovations, including machine learning, data analytics, and biometrics, are identified as key tools for detecting fraudulent activity, augmenting daily living, and identifying high-risk customers in financial services.
• Japan is highlighted as a leader in longevity innovation, though it faces immense costs; the total societal costs of dementia in Japan have reached $120 billion, and an estimated 20% of Japanese people aged 65 and older will have dementia within the next decade.
• The report recommends significant regulatory and policy reforms to protect older adults, including the normalization of third-party account oversight, reform of power of attorney statutes, and the requirement for banks to provide ubiquitous alerts for suspicious transactions.

APA

World Economic Forum (2016). Shaping the Global Agenda on Ageing. http://www3.weforum.org/docs/WEF_Meeting_Needs_Cognitive_Decline_070916.pdf

Chicago

World Economic Forum. Shaping the Global Agenda on Ageing. 2016. http://www3.weforum.org/docs/WEF_Meeting_Needs_Cognitive_Decline_070916.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Shaping the Global Agenda on Ageing |date=2016 |url=http://www3.weforum.org/docs/WEF_Meeting_Needs_Cognitive_Decline_070916.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2016shaping, author = {{World Economic Forum}}, title = {{Shaping the Global Agenda on Ageing}}, institution = {World Economic Forum}, year = {2016}, url = {http://www3.weforum.org/docs/WEF_Meeting_Needs_Cognitive_Decline_070916.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }