This demographic shift is set to continue over the coming decades, with dramatic economic, political and social implications.
Smart home innovations are mainly being designed for fit, healthy people, with innovation focused on the minor inconveniences of the cash-rich, time-poor.
The developments in this area could have a greater social impact if they were focused on revolutionising elderly care.
We want to incentivise new technology to support an ageing population to have a happy and healthy lifestyle, to promote autonomy and choice while preventing isolation.
Sending money directly to individuals has emerged as a new model of giving. Cash transfers ensure funds reach the recipients, while cutting corruption and improving transparency. They promote financial inclusion, beneficiaries’ ownership of development policies, and alignment between programmes and accountability.
However, cash transfers still only represent 6% of total humanitarian spending. We aim to leverage the transformative potential of cash transfers to support development. We believe that cash transfers can be a trustworthy and accountable way to offer autonomy to poor people, giving them a choice over their priorities and needs.