Time Banking: Mutual Aid For Aging Societies

Abstract

Time banking is an emerging concept where people can deposit time spent helping others and withdraw that time later when they need help themselves. As global population ages and rising costs strain government resources, time banking provides a framework for mutual aid between generations. This article examines the concept of time banking, its implementation in Switzerland and China, its purported benefits, criticisms, long-term viability, and the prospects for private sector time banking.