An independent think tank at the Riigikogu The Foresight Centre is a think tank at the Chancellery of the Riigikogu that analyses long-term developments in society and the economy. Our mission is to help shape forward-looking policy-making.
-
03.06 2021The financing needs of long-term care will multiply
At present, the public sector of Estonia spends more than 100 million euro per year on long-term care, but during the next 50 years, the annual need for providing long-term care services may increase to nearly 900 million euro (if expenses are calculated on the basis of today’s level of prices and wealth), the OECD predicts. Estonia’s possibilities were discussed at the Foresight Centre web seminar “Long-term care: where to find the money for it?”, held on 3 June.
Latest videos
The financial well-being of the future elderly
The Foresight Centre developed three scenarios that represent the financial situation in 2050 of people who had received an average salary and have recently retired. Every scenario uses a different pension system and different social attitudes towards the role of the elderly, which affect their opportunities to participate in the labour market. The scenarios help to put oneself in future situations and gain a better understanding of how to define old age and review one’s expectations for financial well-being in the future, in order to make better choices today.
The financial well-being of the future elderly
The Foresight Centre developed three scenarios that represent the financial situation in 2050 of people who had received an average salary and have recently retired. Every scenario uses a different pension system and different social attitudes towards the role of the elderly, which affect their opportunities to participate in the labour market. The scenarios help to put oneself in future situations and gain a better understanding of how to define old age and review one’s expectations for financial well-being in the future, in order to make better choices today.
