Department of Economic and Social Affairs World Social Report 2024 Social Development in Times of Converging Crises: A Call for Global Action World Social Report 2024 Social Development in Times of Converging Crises: A Call for Global Action DEPARTMENT OF ECONOMIC AND SOCIAL AFFAIRS The Department of Economic and Social Affairs of the United Nations Secretariat is a vital interface between global policies in the economic, social and environmental spheres and national action. The Department works in three ma ...

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Investment Rating - The report does not provide a specific investment rating for the industry Core Insights - The report discusses the significant global trend of population aging, predicting that the number of people aged 65 and older will double to 1.6 billion by 2050, representing over 16% of the global population [5][7] - It emphasizes the need for effective elderly support systems to maintain intergenerational solidarity and address the increasing economic inequalities that may arise from this demographic shift [5][7] - The report highlights that policies promoting healthy aging, preventing poverty, and creating decent work opportunities for older adults are crucial for enhancing economic security and reducing inequalities among the elderly [7][8] Summary by Sections Executive Summary - Population aging is an inevitable result of demographic transition, marking a collective success in improving living conditions globally [36][38] - The report notes that while longevity is increasing, disparities in life expectancy based on gender and socioeconomic status persist [38][40] Chapter 1: An Aging World - The rapid growth of the elderly population is a global phenomenon, with significant implications for social and economic structures [13][15] - The chapter discusses the changing age distribution and the need for better measures to understand aging [13][14] Chapter 2: Making Lives Longer and Healthier - Longer life expectancy is framed as a success story, but health disparities remain a concern, particularly for women [14][15] - The chapter addresses the factors influencing healthy aging and the importance of addressing inequalities in health outcomes [14][15] Chapter 3: Economic Implications of Aging - Aging presents both economic opportunities and challenges, with the potential for increased productivity if older individuals are integrated into the workforce [15][16] - The chapter discusses the need for policy adjustments to accommodate the changing demographics and ensure sustainable support systems for the elderly [15][16] Chapter 4: Aging, Poverty, and Inequality - The risk of poverty increases with age, and the report highlights the need for policies to mitigate these risks and promote economic security for older adults [16][17] - It emphasizes that inequalities can be addressed through comprehensive social protection systems and access to quality services [16][17] Chapter 5: The Care Crisis - The report identifies a growing demand for care services as the population ages, stressing the need for better care systems and support for caregivers [21][22] - It highlights the challenges faced by informal caregivers and the necessity for formal recognition and support of their contributions [21][22] Conclusion - The report calls for immediate policy actions to create inclusive and equitable systems that support individuals of all ages, particularly in the context of aging populations [47][48] - It stresses the importance of lifelong learning and skill development to adapt to changing labor market demands and improve economic outcomes for future generations [47][48]