Exploration of the Future Path for Empowering the Smart Elderly Care Industry Through the Development of Elderly Care Finance

Abstract

As the population ages more quickly, the smart elderly care sector has emerged as a crucial avenue to address the issues surrounding elder care. However, obstacles to its growth include a lack of funding and a misalignment between supply and demand. Through risk management, payment guarantees, diversified financing, and other methods, pension finance is a crucial enabling tool that may support the modernization of the smart aged care sector. This study systematically analyzed the internal mechanism of elderly care finance empowering smart elderly care, including six dimensions: capital formation, payment guarantee, risk management, financial innovation, policy coordination and market cultivation, and proposed a collaborative path of "capital supply - demand activation - ecological coordination - institutional protection". Research suggests that by optimizing the investment in the three pillars of pensions, innovating the application of insurance funds, improving the payment system, building a fin-tech ecosystem and perfecting the regulatory framework, a deep coupling between pension finance and the smart elderly care industry can be achieved. Ultimately, this will promote the industry's development towards intelligence, scale and inclusiveness, and help address the challenges of an aging society.