#intergenerational equity

[internationaldayoffamilies]

Families and Demographic Changes - Interactive discussion.

The Issues for discussion:

What are the impacts of demographic change on families?

What are the current trends in population ageing?

What is the state of care arrangements for older persons?

What are the inequality trends in an ageing world?

What is the state of intergenerational solidarity in an ageing world?

What family-oriented policies have been most effective in responding to current demographic trends?

What civil society initiatives can ensure family well-being?

What is the importance of the Civil Society Declaration for IYF+30?

Programme of the International Day of Families 2023.

[thisisgraeme]

Neurodiversity and Learning Differences: How Understanding the Underlying Causes Can Empower Your Learners

Unlock insights into the underlying causes of neurodiversity and learning differences in education. Explore strategies for an inclusive classroom. Delve into the nature vs nurture debate around dyslexia.

Neurodiversity – What Are The Underlying Causes? Part 1 In these two short segments on learning differences, we continue our kōrero with Annette Tofaeono, a neurodiversity educator at Ako Aoteara, to discuss some of the underlying causes of learning differences. Understanding Learning Differences In a world of ever-growing neurodiversity, it’s crucial to understand the learning differences and…

[purpleparrot]

this is a very niche post but i really think i'm going to be dead and gone before they finish the district detroit

[andaniellight]

intergenerational equity or something..........

[indigenouspeopleday]

States must support leadership roles of Indigenous Youth.

The importance of ensuring meaningful decision-making for Indigenous Peoples is reliant on their youth, especially young Indigenous women and girls’ leadership and empowerment, a UN expert said today. Ahead of the International Day of World’s Indigenous Peoples, UN Special Rapporteur on the rights of Indigenous Peoples, Cali Tzay urged States to take affirmative action to guarantee their full public and political participation as a crucial element for the realisation of Indigenous People’s right to self-determination. He issued the following statement: 

“Indigenous youth are particularly impacted by threats to their rights, livelihoods, and culture, including intergenerational impacts of the negative legacies of colonialism and disproportionate underrepresentation in formal decision-making, affecting even more young Indigenous women and girls. Racism and racial discrimination, stereotypes, and the lack of financial resources, support or engagement by public institutions and private entities remain persistent challenges for meaningful participation of Indigenous youth in decisions affecting them.

As we strive to address climate change and proceed to green transition, it is essential to adopt a human rights-based approach that upholds and integrates fundamental human rights principles, including the rights of Indigenous Peoples into the process. Indigenous youth should have a strong voice in “green transition” projects to address the social and environmental interventions and safeguards needed to protect the rights and livelihoods of Indigenous Peoples when economies shift to sustainable development practices to combat climate change and biodiversity loss.

Indigenous youth – especially young women and girls – are active change agents in society and champions of sustainability. Their scientific knowledge has a key role to play in safeguarding ecosystems, combating climate change and ensuring environmental justice and equity.”

ENDS

[sfacgalleries]

Artist Talk: Miguel Arzabe and Daniela Rivera from San Francisco Arts Commission on Vimeo.

Wednesday, June 26, 2024 | 6:30pm SFAC Main Gallery

Join exhibiting artists Miguel Arzabe and Daniela Rivera for a conversation about their work and process. Moderated by Matthew Villar Miranda, curatorial associate at Berkeley Art Museum.

This program is planned in conjunction with the exhibition Praxis of Local Knowledge on view at the SFAC Main Gallery through August 17, 2024.

About the Panelists Miguel Arzabe is a visual artist who lives and works in Oakland. He had recent solo shows at Shulamit Nazarian Gallery (Los Angeles, CA) and Johansson Projects (Oakland, CA). Arzabe’s work has been featured in such festivals as Hors Pistes (Centre Pompidou, Paris), Festival du Nouveau Cinéma (Montreal), and the Geumgang Nature Art Biennale (Gongju, South Korea); and in museums and galleries including MAC Lyon (France), MARS Milan (Italy), RM Projects (Auckland), FIFI Projects (Mexico City), Marylhurst University (Oregon), the Contemporary Jewish Museum, Berkeley Art Museum, the CCA Wattis Institute, and the San Francisco Museum of Modern Art. Arzabe’s work is held in public collections such as the Harn Museum in Gainesville, Florida, Albuquerque Museum of Art, Oakland Museum of California, the de Young Museum, San Francisco Arts Commission, the State of California, as well as numerous private collections. He has attended many residencies including Facebook AIR, Headlands Center for the Arts, Montalvo Arts Center, Millay Arts, and Santa Fe Art Institute. He holds a BS from Carnegie Mellon University, an MS from Arizona State University, and an MFA from UC Berkeley. In 2022 Arzabe was awarded the San Francisco Bay Area Artadia Award. In 2023 he was awarded a Pollock-Krasner Foundation Grant and and a Golden Foundation Residency. In 2024 he was a SECA award finalist.

Born in Santiago, Chile, Daniela Rivera received her BFA from Pontifcia Universidad Católica de Chile in 1996 and her MFA from the School of the Museum of Fine Arts at Tufts, Boston in 2006. She is currently Professor of Studio Art at Wellesley College. She has exhibited widely in Latin American cities including Santiago, Chile, as well as in the United States. She has been awarded residencies at Loghaven, Headland Center for the Arts, Surf Point, Proyecto ACE in Buenos Aires, Vermont Studio Arts Center, and the Skowhegan School of Paintings and Sculpture. And she has been the recipient of notable fellowships and grants including from The Chiaro Award, The Rappaport Prize, Now + There, the Massachusetts Cultural Council Award, VSC, the National Association of Latino Arts and Culture, the Berkshire Taconic Foundation, The FONDART in Chile, and the Saint Botolph Club foundation Distinguish Artist Award. Recent or upcoming exhibitions include: New Worlds, NMWA, Washington DC, 2024, Donde el Cielo Toca la Tierra, Matucana 100, Santiago Chile, 2024, Praxis of Local Knowledge, San Francisco Art Commission, San Francisco, Labored Landscapes; Where The Sky Touches the Earth, Fitchburg Art Museum, Fragmentos para una Historia del Olvido/ Fragments for a History of Displacement, The Davis Museum, Wellesley College, Wellesley, MA (2018–2019); En Busca de los Andes, solo exhibition with Proyecto ACE, Buenos Aires, Argentina (June 2019); Sobremesa (Karaoke Politics), a public art project developed as her Now + There Accelerator Fellowship.

Matthew Villar Miranda (he/they/siya) is Curatorial Associate at the Berkeley Art Museum and Pacific Film Archive. In their former position as Visual Arts Curatorial Fellow at the Walker Art Center, they worked on exhibitions by Julie Mehretu, Pao Houa Her, Paul Chan, and Pacita Abad. They serve on the Board of Stakeholders Museums Moving Forward (MMF), a Ford and Mellon Foundation-funded initiative of an intergenerational, cross-institutional coalition of art museum professionals committed to advancing equity across the museum field. In 2021, they co-curated the Art for Justice Fund-supported exhibition Undoing Time: Art and Histories of Incarceration at the Arizona State University Art Museum (ASUAM). They received their BA in History of Art from UC Berkeley (2013) and graduated among the inaugural class of ASU-Los Angeles County Museum of Art Master's Fellowship in Art History (2021).

[davidbradyphotography]

Climate Change and Environmental Justice

The Intergenerational Imperative: A Call for Climate Action

The discussions of human dignity and human rights offers a powerful framework for understanding and addressing the pressing challenge of climate change. With emphasis on the inalienable dignity of all individuals, including future generations, we underscore the urgent need for policies that prioritize the well-being of both current and future generations. The principle of intergenerational equity, rooted in the concept of inalienable dignity, demands that we consider the long-term consequences of our actions and take steps to ensure that future generations inherit a habitable planet.

The growing recognition of the urgency of climate change is a significant trend. From the devastating impacts of extreme weather events to the long-term threats of sea-level rise and biodiversity loss, the consequences of climate change are becoming increasingly apparent. This recognition has spurred a surge in initiatives aimed at mitigating climate change, including investments in renewable energy, energy efficiency measures, and efforts to reduce greenhouse gas emissions.

However, a significant barrier to effective climate action remains: political polarization. The issue of climate change has become deeply politicized in many countries, with opposing sides often entrenched in their positions. This polarization has made it difficult to achieve consensus on policies that are necessary to address the climate crisis. Additionally, the international nature of climate change requires cooperation among nations, which can be challenging due to differing economic interests and political priorities.

To overcome these barriers and ensure a sustainable future for future generations, it is essential to invest in renewable energy technologies and promote sustainable consumption patterns. Renewable energy sources, such as solar, wind, and hydropower, offer a clean and sustainable alternative to fossil fuels. By investing in these technologies, we can reduce our reliance on carbon-intensive energy sources and mitigate the impacts of climate change. Moreover, promoting sustainable consumption patterns, such as reducing waste, conserving energy, and choosing sustainable products, can help to reduce our individual carbon footprints and contribute to a more sustainable future.

In addition to these technological and behavioral changes, it is crucial to build consensus on climate change policies at both the national and international levels. This requires fostering dialogue, understanding, and cooperation among diverse stakeholders, including governments, businesses, civil society organizations, and individuals. By working together, we can develop and implement ambitious climate policies that are both effective and equitable.

In conclusion, the principle of human dignity and human rights provides a compelling framework for addressing the challenge of climate change. By recognizing the rights of future generations and taking action to ensure their well-being, we can create a sustainable and just future for all. Investing in renewable energy, promoting sustainable consumption, and building consensus on climate change policies are essential steps toward achieving this goal.

Here is a picture of a river in the Rocky Mountains flowing clean clear water through a ravine. Let’s hope future generations can enjoy the experience of beautiful nature as we can today, as some of us even take for granted.

[moeenali5423]

The Importance of Education in the Modern Era

In the contemporary world, the role of education has evolved significantly, transcending beyond the traditional realms of knowledge transmission to becoming a cornerstone for personal development, societal progress, and global stability. The importance of education in this era cannot be overstated, as it underpins many aspects of human life, from economic growth to social cohesion and individual empowerment. This article explores the multifaceted importance of education in the modern era, delving into how it shapes individuals and societies, drives innovation, and addresses global challenges.

Empowerment and Opportunity

Education is a powerful tool for empowerment. It equips individuals with the knowledge, skills, and critical thinking abilities necessary to navigate and contribute meaningfully to society. In an era where information is abundant but discernment is crucial, education helps individuals differentiate between credible and non-credible sources, make informed decisions, and participate actively in democratic processes.

Furthermore, education opens doors to economic opportunities and social mobility. It is often seen as the most effective means to break the cycle of poverty. Educated individuals are more likely to secure well-paying jobs, achieve financial stability, and provide better opportunities for their families. This is particularly true in developing countries, where access to quality education can significantly alter life trajectories and improve socio-economic conditions.

Innovation and Adaptability

In the face of rapid technological advancements and globalization, education fosters creativity, innovation, and adaptability. The modern economy demands a workforce that is not only skilled but also capable of continuous learning and adaptation. Education systems that emphasize critical thinking, problem-solving, and digital literacy prepare students to thrive in dynamic environments and take on roles in emerging industries.

Moreover, the intersection of education and technology has given rise to new learning paradigms. Online learning platforms, digital classrooms, and educational technologies have expanded access to education, enabling lifelong learning and skill acquisition. This is particularly relevant in the context of the Fourth Industrial Revolution, where technological disruption is the norm, and adaptability is key to staying relevant.

Social Cohesion and Global Understanding

Education plays a crucial role in promoting social cohesion and global understanding. In a world characterized by diversity and interconnectedness, education fosters understanding, tolerance, and respect for different cultures and perspectives. It helps build cohesive communities by promoting values of inclusivity and equity.

Global citizenship education, which focuses on global issues, human rights, and sustainable development, prepares students to engage with global challenges and contribute to a more just and sustainable world. By fostering empathy and cross-cultural awareness, education helps mitigate conflicts and promotes peace.

Health and Well-being

There is a strong correlation between education and health outcomes. Educated individuals are more likely to make informed health choices, adopt healthy behaviours, and access healthcare services. Education enhances awareness about disease prevention, nutrition, and mental health, contributing to improved overall well-being.

For instance, maternal education is a significant determinant of child health. Educated mothers are more likely to seek prenatal care, ensure proper nutrition for their children, and adhere to vaccination schedules. This intergenerational benefit of education underscores its critical role in public health.

Economic Growth and Development

Education is a fundamental driver of economic growth and development. It enhances productivity by providing a skilled workforce capable of innovation and efficient performance. Countries that invest in education tend to experience higher economic growth rates, as education increases the human capital that drives economic activities. High school in Dubai, for instance, play a crucial role in preparing students with the skills needed for the modern economy, contributing to the city's dynamic and growing economic landscape.

Additionally, education stimulates entrepreneurship and business development. By imparting knowledge about financial management, market dynamics, and innovation, education empowers individuals to start and grow businesses, contributing to economic diversification and resilience. In the context of pressing environmental challenges, education plays a pivotal role in promoting environmental awareness and sustainability practices. Environmental education, which integrates concepts of ecology, conservation, and sustainable development, equips individuals with the knowledge and skills to address environmental issues. High school in Dubai, among other educational institutions, are increasingly incorporating sustainability into their curricula to foster a generation that is conscious of and proactive about environmental stewardship.

Educated individuals are more likely to understand the importance of environmental conservation, adopt sustainable lifestyles, and advocate for policies that protect natural resources. Education for sustainable development fosters a sense of responsibility towards the planet and encourages proactive measures to combat climate change and environmental degradation.

Critical Thinking and Problem Solving

One of the core benefits of education is the cultivation of critical thinking and problem-solving skills. In an era of complex and multifaceted challenges, the ability to analyze issues, evaluate options, and devise effective solutions is paramount. Education systems that emphasize inquiry-based learning, collaborative projects, and experiential learning foster these essential skills.

For example, in science and engineering education, students engage in hands-on experiments, research projects, and design challenges that require innovative thinking and practical problem-solving. These experiences prepare students to tackle real-world problems with confidence and creativity.

Personal Development and Lifelong Learning

Education is not only about acquiring knowledge but also about personal development. It fosters self-awareness, emotional intelligence, and interpersonal skills. Social and emotional learning (SEL) programs integrated into educational curricula help students develop empathy, resilience, and effective communication skills.

Moreover, education instils a love for learning and curiosity, encouraging individuals to pursue lifelong learning. In a rapidly changing world, the ability to continuously acquire new knowledge and skills is essential for personal and professional growth. Lifelong learning opportunities, such as adult education programs, online courses, and professional development workshops, enable individuals to stay updated and adaptable.

Conclusion

In the modern era, the importance of education extends far beyond traditional knowledge transmission, emerging as a foundational pillar for personal development, societal progress, and global stability. High school play a crucial role in this process by equipping students with the critical thinking skills, knowledge, and opportunities necessary to navigate and contribute meaningfully to society. High school foster innovation and adaptability, essential qualities in a rapidly evolving technological landscape.

Moreover, high school promote social cohesion and global understanding, helping to bridge cultural divides and foster inclusive communities. The positive correlation between education and health outcomes underscores its significance in enhancing overall well-being, while its role in driving economic growth and development highlights its critical impact on national prosperity. High school are instrumental in preparing students for higher education and the workforce, thereby contributing to economic development.

[curtisrolson]

Trends in Senior Living in 2024

Transformative and innovative approaches to senior care have led to the changing market trends. In addition, demographic shifts, new technologies, and changing expectations among the senior population have caused senior living to evolve. Some trends senior care will experience in 2024 include customized care, integrating sustainable practices, and intergenerational living.

The software firm Aanie has also observed changes in the senior living market. Senior living operators face pressures, including economic challenges, while benefitting from operational efficiencies. These opposing forces have given rise to the trends in this market.

Many senior care and living organizations deliver customized care to suit the needs of their clients. While already a part of the landscape, AI and data analytics have played a significant role in catering to the needs and preferences of each senior citizen. Experts report that personalized care will continue beyond 2024.

Senior living will also integrate sustainable practices into providing care. Some strategies will include adopting environmentally sound building designs and practices, such as installing energy-efficient buildings, introducing waste reduction initiatives, and creating green spaces.

Many senior living communities have also welcomed intergenerational living. These communities encourage young and older adults to interact with one another, with senior communities connecting with neighboring schools and childcare centers. The belief behind intergenerational communities is that seniors develop a sense of purpose by caring for young ones.

In addition to helping seniors connect with young people, senior communities are also making culturally competent care a priority. This type of care considers the patient's cultural background, such as race, religion, or ethnicity. The benefit of this care is that staff members make seniors feel valued and understood.

Another significant innovation in senior living care is shifting to a wellness-centric model. According to a November 2023 Aaniie article, the International Council on Active Aging reported that 59 percent of senior living communities will be wellness-based by the end of 2023. In addition to activities that promote physical activity, wellness models will also include developing healthy social lives. The wellness models have become part of intergenerational programs and companionship care to encourage social interaction.

Wellness includes an emphasis on mental health, which is another 2024 senior living trend. Many senior living communities will have some version of mental health activities or services. The purpose is to give seniors access to these services if they become depressed or isolated.

Consolidation and partnerships will take place in 2024. The market has experienced a 17 percent increase in acquisitions since 2021, partially fueled by investor interest.

Another trend in senior living is these communities are seeing an increase in occupancy rates. Rates fell during the pandemic, and experts report that this trend of increasing occupancy began in 2023 and will last into 2024. In 2021, occupancy rates stood at 77.8 percent, but by 2023, they rose to 84.9 percent, according to NIC MAP primary market data. NIC MAP is a firm that generates senior living data.

Finally, this market will introduce innovative and flexible financial models for seniors, giving them options for paying for and receiving affordable housing. Some financial models, such as shared equity co-housing and rental assistance programs, aim to make senior living more accessible to older adults and the families that must care for them.

[arbazkh8596]

Fueling the Future: A Comprehensive Examination of Energy Sources and Sustainability

In an era marked by environmental concerns, geopolitical tensions, and technological advancements, the question of how we power our world has never been more critical. The global demand for energy continues to rise, driven by population growth, urbanization, and industrialization. Yet, as we strive to meet this demand, we are faced with the urgent imperative to transition to sustainable and renewable sources of energy. This article offers a comprehensive examination of various energy sources, their implications for the environment and society, and the pathways toward a more sustainable future.

Fossil fuels, undeniably, have left an indelible mark on human history, serving as the primary engine behind the unprecedented advancements of the industrial age. Coal, oil, and natural gas have been instrumental in powering factories, heating homes, and fueling transportation, laying the foundations of modern civilization as we know it. Their abundance and energy density have enabled exponential economic growth, facilitating the rise of nations and the improvement of living standards for millions worldwide.

Yet, this narrative of progress is juxtaposed against the stark reality of environmental degradation and social inequality perpetuated by the extensive use of fossil fuels. The extraction processes, whether through coal mining, oil drilling, or fracking, exact a heavy toll on the natural environment, leading to habitat destruction, water contamination, and ecosystem disruption. Moreover, the combustion of fossil fuels releases a cocktail of pollutants into the atmosphere, contributing to smog, acid rain, and respiratory illnesses, with particularly severe impacts on vulnerable communities living in proximity to industrial facilities or major transportation arteries.

Perhaps the most pressing consequence of fossil fuel consumption is its role in driving climate change. The relentless emission of greenhouse gases, primarily carbon dioxide, from burning fossil fuels has altered the Earth's climate system, leading to rising global temperatures, shifting weather patterns, and escalating extreme weather events. The consequences of climate change are far-reaching, affecting ecosystems, economies, and human health, with the most severe impacts disproportionately borne by low-income communities and marginalized populations, both domestically and globally.

Furthermore, the geopolitical ramifications of fossil fuel dependence cannot be overstated. Nations with abundant fossil fuel reserves wield significant influence on the global stage, shaping diplomatic relations, international alliances, and conflicts. The pursuit of energy security drives geopolitical competition, leading to resource wars, territorial disputes, and political instability in regions rich in oil and gas reserves. Moreover, the volatility of energy markets, susceptible to supply disruptions and price fluctuations, poses economic risks for both producing and consuming nations, exacerbating global inequalities and geopolitical tensions.

In light of these multifaceted challenges, the imperative to transition away from fossil fuels toward cleaner, renewable sources of energy has never been more urgent. The transition represents not only a technological imperative but also a moral imperative, grounded in the principles of environmental stewardship, social justice, and intergenerational equity. Embracing renewable energy alternatives, such as solar, wind, hydroelectric, and geothermal power, offers a pathway toward a more sustainable and equitable energy future, one that prioritizes the well-being of both people and the planet. However, effecting such a transition is not without its complexities and obstacles. It requires concerted efforts across multiple fronts, including policy interventions, technological innovations, and societal transformations. Governments, businesses, and civil society must collaborate to enact ambitious climate policies, invest in renewable energy infrastructure, and promote energy efficiency measures. Additionally, efforts to address energy poverty and ensure a just transition for workers and communities dependent on the fossil fuel industry are paramount to building broad-based support for the transition.

Renewable Energy Sources The imperative to mitigate climate change and reduce dependence on finite resources has spurred a global shift toward renewable energy sources. Solar, wind, hydroelectric, and geothermal power offer abundant, clean alternatives to fossil fuels. Solar photovoltaic (PV) technology, in particular, has experienced rapid growth in recent years, driven by falling costs and advances in efficiency. Wind power, too, has emerged as a viable source of clean energy, with turbines dotting landscapes around the world. Hydroelectric dams harness the power of flowing water to generate electricity, albeit with environmental trade-offs. Geothermal energy taps into the heat stored beneath the Earth's surface, providing a reliable and renewable source of power.

Challenges and Opportunities in the Transition to Renewable Energy While the potential of renewable energy is vast, the transition away from fossil fuels presents numerous challenges. Intermittency and variability are inherent to solar and wind power, requiring innovative solutions for energy storage and grid integration. Land use conflicts, environmental impacts, and social considerations also accompany the deployment of renewable energy infrastructure. Additionally, the economic and political interests tied to fossil fuels present barriers to change, necessitating policy interventions and market incentives to accelerate the transition.

Innovations and Emerging Technologies Advancements in energy storage, grid management, and renewable energy technologies hold promise for overcoming the barriers to a sustainable energy future. Battery storage technologies, such as lithium-ion batteries and emerging alternatives like flow batteries, enable the storage of excess renewable energy for use during periods of high demand or low generation. Smart grids equipped with advanced sensors and controls optimize the flow of electricity, enhancing reliability and efficiency. Furthermore, breakthroughs in materials science and engineering continue to drive down the cost of renewable energy, making it increasingly competitive with fossil fuels.

The Role of Policy and Governance Effective policy frameworks and governance mechanisms are essential for driving the transition to renewable energy and ensuring a just and equitable transition. Carbon pricing mechanisms, renewable energy mandates, and subsidies for clean energy technologies can incentivize investment and innovation while internalizing the external costs of fossil fuels. International cooperation and agreements, such as the Paris Agreement, facilitate collective action and coordination toward shared climate goals. Moreover, inclusive decision-making processes that engage stakeholders and communities affected by energy transitions are crucial for building trust and fostering social acceptance.

Conclusion:

The transition to sustainable and renewable energy sources is not merely a technological challenge but a moral imperative for safeguarding the planet and securing the well-being of future generations. While the journey ahead is fraught with complexities and uncertainties, it is also replete with opportunities for innovation, collaboration, and positive change. By harnessing the power of renewable energy and embracing a holistic approach to energy transition, we can build a more resilient, equitable, and sustainable future for all.

Petrol, with its long history as a primary fuel for transportation and industry, has played a significant role in shaping the modern world. However, its widespread use comes at a steep environmental cost. The combustion of petrol releases carbon dioxide and other pollutants into the atmosphere, contributing to climate change and air pollution. Moreover, the extraction and refining of crude oil, the primary source of petrol, have significant environmental impacts, from habitat destruction to water pollution.

Fortunately, alternatives to petrol are becoming increasingly viable. Electric vehicles (EVs) powered by renewable electricity offer a cleaner and more sustainable option for transportation. Advances in battery technology have extended the range and performance of EVs, making them a practical choice for consumers and businesses alike. Additionally, biofuels derived from organic materials, such as ethanol and biodiesel, provide renewable alternatives to traditional petrol, with lower carbon emissions and reduced environmental impact.

Furthermore, addressing the social and economic implications of the transition is crucial for ensuring a just and equitable outcome. Displaced workers in the fossil fuel industry must be provided with opportunities for retraining and employment in emerging sectors. Additionally, policies that prioritize environmental justice and community empowerment can ensure that marginalized communities benefit from the transition to cleaner energy sources.

[internationaldayoffamilies]

Programme of the International Day of Family 2023 "Families and Demographic Changes.

Observance of the 2023 International Day of Families will be held on Monday, May 15th, from 1:15 to 2:30 PM (EST) at UNHQ New York Conference Room 11.

Moderator: Masumi Ono, Chief, Social Inclusion and Participation Branch Division for Inclusive Social Development, DESA. Launch of Background Paper & Keynote Address: Zitha Mokomane, PhD., Professor & Head of Department, Department of Sociology, University of Pretoria “The Impact of Demographic Change on Families”

Panelists:

-Jonathan Perry, Social Affairs Officer “Leaving No One Behind in an Ageing World: Findings from the 2023 United Nations World Social Report” - Ernest Gonzalez, PhD., James Weldon Johnson Professor of Social Work, Director of the Center for Health and Aging Innovation New York University Silver School of Social Work; “Intergenerational Equity & Solidarity: Good practices from the field” - Angela Fallentine, Doha International Family Institute Representative.

- Elisabeth Mueller, European Large Families Confederation Representative. - José Alejandro Vázquez Alarcón, PhD., International Federation for Family Development Representative “Civil Society Declaration for IYF+30”.

[goodmoneyingind]

Essential Financial Planning Guide for Non-Resident Indians (NRIs)

As Non-Resident Indians (NRIs) navigate the complexities of managing finances across borders, strategic financial planning becomes paramount to ensure long-term financial security and prosperity. Whether saving for retirement, investing in real estate, or planning for children's education, NRIs can benefit from a tailored approach to financial planning. This article serves as a comprehensive guide to essential financial planning considerations for NRIs, covering key aspects such as investment strategies, tax planning, retirement planning, and wealth preservation.

Investment Strategies:

NRIs have a plethora of investment options available, ranging from equity markets and mutual funds to real estate and fixed-income instruments. When crafting an investment strategy, consider the following factors:

Diversification: Spread investments across different asset classes to mitigate risk and optimize returns. Risk Tolerance: Assess your risk tolerance and investment objectives to determine the appropriate asset allocation. Tax Efficiency: Optimize investment returns by selecting tax-efficient investment vehicles and strategies. Currency Risk: Hedge against currency risk by diversifying investments across multiple currencies or utilizing currency hedging instruments.

Tax Planning:

fee only financial planner india is a critical aspect of financial planning for NRIs, as tax regulations vary based on residency status and source of income. Key considerations include:

Residency Status: Understand the tax implications based on your residency status (Resident, Non-Resident, or Resident but Not Ordinarily Resident).

Tax Treaties: Leverage bilateral tax treaties between India and other countries to minimize double taxation and maximize tax efficiency. Tax-Efficient Investments: Invest in tax-efficient instruments such as Equity Linked Savings Schemes (ELSS), National Pension System (NPS), and tax-free bonds to reduce tax liabilities. Reporting Requirements: Comply with tax reporting requirements in both India and your country of residence to avoid penalties and ensure regulatory compliance.

Retirement Planning:

Planning for retirement is essential for NRIs to maintain financial independence and security in their post-working years. Consider the following steps:

Set Retirement Goals: Determine your desired retirement lifestyle and estimate future expenses to establish retirement savings goals. Start Early: Take advantage of compounding by starting retirement savings early and consistently contributing to retirement accounts. Diversify Retirement Assets: Build a diversified retirement portfolio comprising equities, bonds, real estate, and other income-generating assets to mitigate risk and preserve wealth. Regular Review: Periodically review and adjust your retirement plan based on changing financial circumstances, market conditions, and retirement goals.

Wealth Preservation:

Preserving and protecting wealth is essential for NRIs to safeguard their financial assets and ensure intergenerational wealth transfer. Consider the following wealth preservation strategies:

Estate Planning: Draft a comprehensive estate plan, including wills, trusts, and power of attorney documents, to ensure orderly wealth distribution and minimize estate taxes.

Asset Protection: Structure investments and assets in a tax-efficient manner to protect against legal liabilities and creditor claims. Insurance Coverage: Obtain adequate insurance coverage, including life insurance, health insurance, and property insurance, to mitigate financial risks and protect against unforeseen events.

Professional Guidance: Seek advice from legal and financial professionals specializing in cross-border wealth management to navigate complex legal and regulatory frameworks and optimize wealth preservation strategies.

In conclusion, strategic financial planning is essential for NRIs to achieve their financial goals, mitigate risks, and preserve wealth across borders. By adopting a holistic approach to investment, tax, retirement, and wealth preservation planning, NRIs can build a solid foundation for long-term financial security and prosperity. With careful consideration of individual needs, objectives, and risk tolerance, NRIs can navigate the intricacies of cross-border financial planning with confidence and achieve their financial aspirations.

[redcliffepartners]

Maximizing Wealth in the Middle East: Expert Advisors and Strategies

Introduction

In the ever-evolving landscape of wealth management, the Middle east wealth management advisors stands out as a region of unique opportunities and challenges. With its diverse economies, rich cultural heritage, and rapid development, navigating wealth management in this region requires specialized knowledge and strategic insight. This blog explores the role of wealth management advisors in the Middle East, shedding light on the strategies they employ to maximize wealth for their clients.

Understanding the Middle Eastern Wealth Landscape

Economic Diversity

The economies of the Middle East financial advisors vary significantly, ranging from oil-rich nations like Saudi Arabia and the United Arab Emirates (UAE) to rapidly diversifying markets such as Qatar and Oman. Oil wealth has historically been a dominant force, driving economic growth and shaping investment patterns. However, many countries in the region are actively pursuing economic diversification strategies to reduce reliance on oil revenues and stimulate non-oil sectors like tourism, technology, and finance.

Cultural Dynamics

Cultural values and traditions exert a profound influence on wealth management practices in the Wealth managers in the Middle East. Family ties are paramount, with many affluent families preferring to keep wealth within the family and prioritize intergenerational wealth transfer. Islamic finance principles also play a significant role, guiding investment decisions and shaping the demand for Shariah-compliant financial products. Moreover, the concept of wasta (connections) often influences business dealings and investment opportunities, highlighting the importance of personal relationships in the region’s wealth ecosystem.

Regulatory Environment

The regulatory landscape in the Investment consultants in the Middle East is characterized by a mix of national regulations, Islamic finance principles, and international standards. Each country has its regulatory framework governing financial services, investment activities, and wealth management practices. For example, in Islamic finance, compliance with Shariah law is a fundamental requirement, impacting the structuring of financial products and the screening of investment opportunities. Moreover, regulatory reforms aimed at enhancing transparency, investor protection, and market stability are underway in many Middle Eastern countries, reflecting a broader trend towards aligning with global best practices.

Investment Preferences

Asset management firms Middle East investors exhibit diverse investment preferences shaped by factors such as risk appetite, liquidity requirements, and investment horizons. While traditional asset classes like real estate and equities remain popular, there is growing interest in alternative investments such as private equity, venture capital, and infrastructure projects. Additionally, environmental, social, and governance (ESG) considerations are gaining prominence, with investors increasingly seeking sustainable and responsible investment opportunities that align with their values and long-term objectives.

Wealth Distribution

Wealth distribution in the financial planners Middle East is characterized by significant disparities, with a small segment of ultra-high-net-worth individuals (UHNWIs) coexisting alongside broader populations facing economic challenges. This wealth gap underscores the importance of inclusive economic development strategies and initiatives aimed at promoting financial literacy, entrepreneurship, and wealth creation opportunities for all segments of society.

Tailored Strategies for Middle Eastern Clients

Shariah-Compliant Investing:

Wealth management advisors in the Middle East often specialize in Shariah-compliant investing, ensuring that investments align with Islamic principles.

Real Estate Investments:

Real estate holds significant value in the Middle East, with advisors leveraging this asset class to diversify portfolios and generate returns.

Family Office Services:

Many affluent families in the Middle East opt for family office services, which provide comprehensive wealth management solutions tailored to their specific needs.

Challenges and Opportunities

Geopolitical Risks:

Geopolitical tensions in the financial consultants Middle East can impact investment decisions and asset performance, requiring advisors to adopt a proactive approach to risk management.

Emerging Markets:

Despite challenges, the Middle East presents ample opportunities for growth, particularly in sectors such as technology, healthcare, and renewable energy.

Wealth Transfer and Succession Planning:

Wealthy families in the Middle East portfolio management prioritize succession planning, necessitating advisors to develop comprehensive strategies for wealth transfer and preservation.

Building Long-Term Wealth

Education and Awareness:

Wealth management advisors focus on educating clients about financial literacy and long-term wealth-building strategies.

Diversification:

Diversifying investments across asset classes and geographies is crucial for mitigating risk and optimizing returns.

Sustainable Investing:

Increasingly, Middle East investment experts are incorporating environmental, social, and governance (ESG) factors into their investment decisions, driving demand for sustainable investment strategies.

Conclusion

Navigating the wealth management landscape in the Middle East requires a deep understanding of the region's unique dynamics, cultural sensitivities, and regulatory frameworks. Wealth management advisors play a pivotal role in guiding clients through these complexities, offering tailored strategies that align with their financial goals and values. By leveraging specialized expertise and staying abreast of market trends, advisors can help clients maximize their wealth and achieve long-term financial security in the dynamic landscape of the Middle East.

Name: Redcliffe Partners

Address: #256 Al Wafra Square Building, Reem Island, Abu Dhabi, UAE

Phone No: +971 2886-4415

Website: https://redcliffepartners.ae/

FAQs

What are the primary challenges faced by wealth management advisors in the Middle East?

Ans. Geopolitical risks, regulatory complexities, and cultural nuances are among the key challenges faced by wealth management advisors in the Middle East.

How do wealth management advisors incorporate Shariah-compliant investing into their strategies?

Ans. Wealth management advisors ensure that investment portfolios comply with Islamic principles by screening investments for Shariah compliance and structuring financial products accordingly.

What role does real estate play in wealth management in the Middle East?

Ans. Real estate is a significant asset class in the Middle East, offering opportunities for diversification and capital appreciation. Wealth management advisors often recommend real estate investments as part of their clients' portfolios.

How do wealth management advisors help with succession planning for affluent families in the Middle East?

Ans. Wealth management advisors develop comprehensive succession plans that address estate planning, wealth transfer, and governance structures to ensure the smooth transition of wealth to future generations.

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The Economic Influence of High School Education. Investing in Future Prosperity

High school education serves as a cornerstone of individual development and societal progress, laying the foundation for economic growth, social mobility, and global competitiveness. In this article, we delve into the economic influence of high school education, examining its impact on individuals, communities, and economies at large.

1. Human Capital Development:

High school education plays a vital role in developing human capital, equipping individuals with the knowledge, skills, and competencies needed to succeed in the workforce. By providing a comprehensive education curriculum that encompasses core subjects, critical thinking skills, and vocational training, high schools prepare students for a wide range of career pathways and higher education opportunities.

2. Labor Market Outcomes:

The economic impact of high school education is evident in labor market outcomes. High school graduates experience higher employment rates and earning potential compared to their counterparts with lower levels of education. Studies consistently show that individuals with a high school diploma are more likely to secure stable employment and command higher wages over their lifetimes, contributing to overall economic productivity and prosperity.

3. Workforce Development:

High school education serves as a critical component of workforce development, supplying businesses and industries with skilled workers who possess the technical expertise and professional competencies needed to drive innovation and growth. By fostering partnerships with local businesses, high schools can tailor their curricula to meet labor market demands, ensuring that graduates are well-prepared to enter the workforce and contribute to economic development.

4. Social and Economic Mobility:

Access to quality high school education is a key determinant of social and economic mobility, providing individuals from diverse backgrounds with opportunities to improve their life prospects and achieve upward mobility. By investing in high school education, societies can break the cycle of intergenerational poverty and inequality, empowering individuals to pursue higher education, secure well-paying jobs, and build prosperous futures for themselves and their families.

5. Global Competitiveness:

In an increasingly interconnected and competitive global economy, high school education is essential for maintaining competitiveness and fostering economic growth. Nations that prioritize investments in education and workforce development are better positioned to attract investment, drive innovation, and adapt to evolving market demands, ensuring sustained prosperity in the long term.

The economic influence of high school education cannot be overstated. It serves as a linchpin for individual prosperity, societal advancement, and global competitiveness. By investing in high school education, societies lay the groundwork for economic growth, social mobility, and innovation, empowering individuals to reach their full potential and contribute meaningfully to the economy.       

As we navigate the complexities of the 21st century economy, high school education remains a critical driver of success and a catalyst for economic advancement. By equipping individuals with the knowledge, skills, and competencies needed to thrive in the workforce, high schools pave the way for higher employment rates, increased earning potential, and greater overall economic productivity.

Moreover, high school education is essential for promoting social and economic mobility, breaking down barriers to opportunity and empowering individuals from diverse backgrounds to achieve their goals. By ensuring access to quality education for all, societies can foster greater equity, reduce inequality, and build more inclusive and resilient economies.

In an increasingly interconnected and competitive global economy, high school education is essential for individual success, as well as for maintaining competitiveness on the world stage. Nations that prioritize investments in education and workforce development are better positioned to attract investment, drive innovation, and adapt to evolving market demands, ensuring sustained prosperity for future generations.

In essence, high school education is more than just a stepping stone to higher education or a career. It is a fundamental building block of economic growth, social progress, and global competitiveness. By recognizing the economic value of investing in high school education, societies can unlock the potential of future generations and build a more prosperous and inclusive future for all.

[wealthnsociety]

HSBC advocates diversified global investment portfolio with emphasis on ASEAN and Indian assets

James Cheo of HSBC Global Private Banking highlights the growth in ASEAN and India’s investment landscape, emphasising portfolio diversification and the potential of fixed income and bonds amidst global market volatility

James Cheo, chief investment officer for Southeast Asia and India at HSBC Global Private Banking and Wealth, discussed evolving investment opportunities in ASEAN and India. He underscored the importance of diversified portfolios for Asia’s investors amidst changing global dynamics. He emphasised investment in high-quality fixed income and bonds, highlighting their potential for capital appreciation in a declining interest rate environment.  

Cheo pointed out the potential in these markets, especially for investors whose portfolios lack diversification. In Southeast Asia and India, traditionally, high and ultra-high-net-worth individuals have predominantly invested in their core businesses and local markets, including real estate, with which they are familiar. 

He stressed the importance of exploring a wider range of investment solutions across public and private markets, geographies, and durations, including global equities, and private debts and equities. These have shown resilience amid rising inflation and market uncertainties. He also emphasised that a truly diversified portfolio should consist of assets with minimal correlation, providing stability and protection against market volatility in turbulent times. 

Highlighting the growing popularity of family offices in Asia, Cheo underscored the shift from wealth creation to wealth preservation. In this context, professional and diversified asset management becomes paramount, with an emphasis on family governance, philanthropy, and succession planning to safeguard and grow intergenerational wealth. He shared that HSBC’s proprietary solutions for private banking clients use advanced data analytics to construct diversified portfolios and conduct stress tests under various risk scenarios to enhance resilience. 

Cheo spotlighted the dynamic markets of ASEAN and India as the “AI”, or ASEAN-India strategy, citing their demographic advantages, expanding middle class, and integral role in global supply chains. 

While acknowledging China’s role as a key economic engine for the region, he noted the downturn of its property market and maintains a neutral stance towards the Chinese market with some opportunities related to the service consumption sector.

Cheo sees clear growth opportunities in ASEAN and India due to their strong economic performance and demographics. 

He believes that digital transformation and sustainability are key themes that will shape the future of investment. These factors will not only dictate market trends but also reflect the evolving demands of investors for transparency and alignment with personal values. 

Greater digital adoption will reshape not only consumer behaviour but also the region’s economic structures. Green transformation, particularly in renewable energy and electric vehicles, presents new investment avenues and should be considered as part of a diversified investment strategy that captures the region’s long-term growth potential.

[alphacapital2023]

Navigating Wealth Management: Exploring Family Offices and Services in India

In the realm of wealth management, particularly in a diverse and dynamic market like India, the concept of family offices has been gaining significant traction. These bespoke entities cater to the multifaceted needs of affluent families, providing a comprehensive suite of services aimed at preserving and growing wealth across generations. As the landscape of wealth management continues to evolve, understanding the role of family offices and the services they offer is crucial for affluent families seeking personalized financial solutions.

Understanding Family Offices in India

Family offices in India serve as centralized hubs for managing the financial affairs of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) and their families. These entities are typically responsible for a wide array of functions, including investment management, estate planning, tax optimization, philanthropy, and lifestyle management. In essence, family offices are designed to streamline the complexities of wealth management, providing bespoke solutions tailored to the unique needs and objectives of each family.

The Evolution of Family Office Services in India

In recent years, the demand for family office services in India has witnessed a significant upsurge, driven by the country's burgeoning economy and the increasing wealth of its affluent population. Recognizing the need for sophisticated financial solutions beyond traditional wealth management offerings, many affluent families are turning to family offices to address their complex and evolving needs. From managing diverse investment portfolios to facilitating intergenerational wealth transfer, family offices play a pivotal role in safeguarding and enhancing the financial well-being of their clients.

Key Services Offered by Family Offices in India

Family offices in India offer a comprehensive range of services tailored to the unique requirements of affluent families. Some of the key services include:

Investment Management: Family offices employ seasoned investment professionals who oversee the management of diversified investment portfolios spanning various asset classes, including equities, fixed income, real estate, and alternative investments.

Estate Planning and Wealth Transfer: Family offices assist clients in structuring their estates and implementing strategies to minimize tax liabilities while facilitating smooth wealth transfer to future generations.

Tax Optimization: Through careful tax planning and compliance, family offices help clients optimize their tax positions and maximize after-tax returns on investments.

Philanthropy and Impact Investing: Many affluent families in India are increasingly focused on giving back to society and making a positive impact through philanthropy and impact investing. Family offices facilitate charitable giving and help clients align their investment strategies with their philanthropic goals.

Lifestyle Management: Family offices often provide concierge services, including travel arrangements, event planning, and household management, to enhance the overall lifestyle experience of their clients.

The Future of Family Offices in India

As India's economy continues to grow and the number of affluent families expands, the role of family offices is expected to become even more prominent. With a focus on customization, discretion, and long-term wealth preservation, family offices in India are well-positioned to meet the evolving needs of affluent families across the country. By providing personalized financial solutions and expert guidance, family offices play a vital role in helping their clients navigate the complexities of wealth management and achieve their financial goals for generations to come.

In conclusion, family offices represent a bespoke approach to wealth management, offering a comprehensive suite of services tailored to the unique needs of affluent families in India. As the demand for personalized financial solutions continues to rise, family offices are poised to play an increasingly significant role in safeguarding and growing the wealth of their clients while facilitating intergenerational wealth transfer and fostering a legacy of financial stewardship.