Lily leads ILC-UK’s policy, public affairs and influencing activity in the UK and across the world.
Her work spans all policy areas, from health and care, to intergenerational relations, to the future of work.
She has a particular interest in the prevention of ill health and has spoken on the topic at a number of conferences, workshops and webinars across the world.
She has been quoted in the media, including in The Guardian, Forbes and BBC Radio among others.
Lily sits on the Advisory Board of the Age Action Alliance and previously managed the Innovating for Ageing Awards.
Health equals wealth – Investing in preventative health to unlock a longevity dividend in North America
Lily Parsey, International Longevity Centre UK (ILC-UK), United Kingdom
Shain Raichura, ILC Canada, Canada
Join ILC-UK and ILC Canada for a session that will highlight the economic opportunities of an ageing society in Canada, the US and Mexico and to explore how they can be maximised in the wake of the post-pandemic recovery.
At a glance
- People aged 50 and over in Canada and the US already accounted for 1 in 3 workers in 2017 (1 in 4 in Mexico) – this could rise to 42% by 2035.
- Every other dollar in the Canadian economy was spent by older households, amounting to 17% of GDP in 2015.
- Americans aged 65+ spend (on average) 10 more hours caring for loved ones in their household than people at other ages.
But these contributions could be much higher. And a key barrier to spending, working, caring and volunteering as we age is poor health. Comparing countries across the G20:
- In countries that spend more on health, older people work, volunteer and spend more.
- Countries where more older people are vaccinated against the flu have higher employment rates for those aged 65 to 69 and higher consumption rates for those aged 60 and over.
- Increasing preventative health spend by just 0.1 percentage points can unlock a 9% increase in annual spending by people aged 60+ and an additional 10 hours of volunteering.
And the COVID-19 pandemic has highlighted all too starkly the importance of investing in health, not just to support the sustainability of our health systems but our economy too.
Among the G20 countries, Canada is the country that spends most on preventative health – 6% of its health budget. What has worked in Canada? Is the money being well-spent, and what more could be done? Is 6% enough, or do we need to go further?
Join ILC-UK and ILC Canada for this high-level discussion event alongside the IFA conference to discuss:
- What more needs to be done to deliver meaningful preventative health strategies in the US, Canada and Mexico, as well as other G20 countries?
- What can we learn from the recent experience of the COVID-19 pandemic?
- And how can we stimulate meaningful investment in prevention/ health promotion that will support health systems and economies as they build back from the pandemic?