Shades of Grey: Inequality of Ageing
According to AARP, more than 10 million people aged 50 and above live in poverty in the U.S., and more than 37 million are just one life event away from slipping into it. Amongst those who are 65 and older, more than twice as many women as men live in poverty. And the problem is even more acute for African American, Hispanic, and Native Americans.
In this episode of Shades of Grey, Theodora Lau and Arunkumar Krishnakumar talk to Paolo Narciso, VP AARP Foundation. After 36 years of leading companies in the Education, Financial Services, Technology, and Government sectors to drive rapid revenue growth and scale, Paolo still has so much enthusiasm with a vision to eradicate poverty and inequality.
To move the needle on poverty will require partnership between private and public sectors, including vehicles to help workers earn a living wage and save more. It will also require a change in mindset, and a substantial increase in financial literacy that must begin at younger age.
Listen in for insights from Paolo's four decades of experience and his enthusiasm to effect purposeful change.