On the launch of our new report on The Case for Purpose, David Power introduces the report and explains the motivations behind this research.
‘Age’ has previously been a pretty good proxy for ‘stage’ – with marketers making assumptions about life stages and likely activity. However, as we enter the era of longevity, this is a dangerous pitfall that brands need to work hard to avoid. We are starting to see changes in traditional life paths and so brands need to be more sophisticated in their understanding of longevity. The opportunities for those that can do this successfully are sizeable.
People are living and remaining active for longer than ever, putting strain on systems that were developed for the three stage life - education, work, retirement. In this post, I use the three horizons model of longevity to assess where the future of longevity may lie and how we can overhaul a predetermined life-path that will soon no longer be fit for purpose.
Although we all have a general sense that people are living longer, the actual facts on ageing are powerful and quite surprising. When a child born in the West today has a more than 50% chance of living to be over 105, and two-thirds of the world's older persons currently live in developing countries, what does this all mean for how we approach the idea of older life?