Скачать или смотреть "Time Bank": A Revolutionary System to Save Time Today and Use It in Old Age

"Time Bank": A Revolutionary System to Save Time Today and Use It in Old Age

Summary:

Would you like to save time today and use it in the future? That’s exactly what the concept of a Time Bank aims to achieve — and it’s becoming a reality.

As the global population ages, the need for elderly care is rapidly increasing. Currently, 1 in every 10 people in the world is over 65. By 2050, this will rise to 1 in every 6, creating a massive demand for caregivers. The Time Bank model offers a potential solution.

In Switzerland, the government has launched a Time Bank system for elder care. Young individuals volunteer to care for elderly citizens, and the time they spend is recorded in their social security account. Later in life, when they themselves need help, they can redeem their saved time to receive care from new volunteers.

A similar initiative is being introduced in China, where each hour of volunteer service earns the individual a coin. These coins can be redeemed after the age of 60 or donated to elderly relatives or friends. Accumulating 10,000 coins grants eligibility to live in a state-run senior home.

This innovative concept could transform how societies handle elder care and redefine the meaning of investing time.


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