Side event on Financial Security of Older Women in South-East Asia at the Sixth Asia-Pacific Forum on Sustainable Development (APFSD)
Population ageing is one of the megatrends affecting sustainable development in the Asia-Pacific region. It is estimated that in 2050, some 1.3 billion people in the region will be aged 60 or over, with the majority being women. This poses challenges since, compared to older men, older women are more likely to fall into poverty and have less access to income, assets, savings and contributory pensions.
Against this backdrop, a core principle of the 2030 Agenda for Sustainable Development is gender equality and the empowerment of women. The 2030 Agenda also calls for a focus on the most vulnerable groups in society, which include older persons. Given current trends in population ageing, greater emphasis on address older women’s needs is critical for achieving the 2030 Agenda, especially its central tenet of leaving no one behind.
The Tsao Foundation, in collaboration with ESCAP, the Malaysian Research Institute on Ageing, and HelpAge International Asia-Pacific Office, held a side-event during the Sixth Asia-Pacific Forum on Sustainable Development. The event presented the findings of the study “The Financial Security of Older Women: Perspectives from Southeast Asia” and sought to generate discussion and debate on older women’s financial security and the inextricable link with progress towards sustainable development.