"Earlier this year, a CNN story featured a Japanese prison that looked more like a nursing home. The story was striking: Some older adults in Japan are so lonely that they intentionally commit minor crimes to gain access to regular meals, healthcare, and companionship behind bars. This poignant example is not an anomaly. It signals a profound global challenge: how societies care for an aging population."
"In a time bank, members earn time credits by helping others and spend those credits to receive help in return. Time banks can be structured as formal nonprofits or as informal community-based initiatives. Both models share a few core principles: Asset-based thinking: Everyone has something of value to offer Redefining work: Time banks recognize and reward the kinds of work that often go unpaid"
Some older adults in Japan intentionally commit minor crimes to gain access to regular meals, healthcare, and companionship behind bars. Time banking, developed in 1973 in Japan by Teruko Mizushima and in the United States in the 1980s by Edgar Cahn, treats everyone's time as equally valuable regardless of market value. Members earn time credits by helping others and spend those credits to receive help; time banks can be formal nonprofits or informal community initiatives. Core principles include asset-based thinking, redefining unpaid work, reciprocity, and building community. Time banking helps address social isolation among adults aged 65 and above. By 2050 one in six people globally will be over 65, and Japan tops the list, with 29.4 percent of its population over that age.
Read at Non Profit News | Nonprofit Quarterly
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