Key points from article :
Portugal has experienced a significant increase in life expectancy over the past few decades, with the average lifespan now five years longer than it was 20 years ago. By 2040, half of the country’s population will be aged 50 and over, and nearly one-third will be 65 and over. While this trend presents challenges, such as pressures on pension systems and increased demand for healthcare, it also offers various opportunities for individuals, businesses, and society.
Longer lives mean that people can contribute to society in more ways for a longer time. Many older adults continue to work, provide informal care, look after grandchildren, or volunteer. Employment rates among those aged 50 to 64 have risen, and older consumers are becoming a larger part of the market, creating new business opportunities. The potential for multigenerational workplaces also offers benefits such as enhanced skills development, increased productivity, and stronger intergenerational relationships.
However, many of these additional years are spent in poor health, limiting the potential benefits of increased longevity. To address this, the ILC’s "Health equals wealth: Maximising the longevity dividend in Portugal" report outlines six key areas for action: investing in health and prevention, supporting innovation, improving skills for care, providing government leadership, encouraging flexible work, and developing age-friendly communities. The Portuguese government has already made strides in these areas, including the National Action Plan for Active and Healthy Ageing 2023-2026 and the establishment of the Centre for Skills for Active Ageing. These initiatives are crucial for maximizing the benefits of an ageing population and ensuring that longer lives contribute positively to society and the economy.
