Financial Resilience

The Primerica Household Budget Index™ shows middle-income Americans (earning $30k-$130k) faced a 3.2% increase in essential living costs over the past year, slightly outpacing the general CPI. This rise in food, utilities, gas, insurance, and healthcare strains household budgets, impacting savings and financial planning. The index, specifically tailored for this demographic, highlights their disproportionate financial pressures.

Manulife and UpLink announced the winners of the “Innovating for Asia’s Demographic Future Challenge”, the second in a longevity-focused series. Ten ventures addressing financial resilience, healthy aging, and lifelong fulfillment in Asia’s changing demographic landscape were selected from over 85 submissions. Winners gain access to networking, partnerships, and visibility, with three top innovators receiving a share of CAD $200,000. The challenge highlights the urgent need for innovation to support Asia’s aging population, projected to be one in four over 60 by 2050.