The world’s population as a whole is ageing – and this is true of the Asia region too. Today Asia accounts for one-half of the world’s older population. By 2050 this is set to increase to two-thirds. By every measure, Japan has the oldest population – not just in Asia, but globally. Hong Kong and Singapore are not far behind[Read More…]
A powerful new force is changing the face of America, composed of 106 million people responsible for at least $7.1 trillion in annual economic activity—a figure that is expected to reach well over $13.5 trillion in real terms by 2032. This is the Longevity Economy, representing the sum of all economic activity serving the needs of Americans over 50 and[Read More…]
The world’s population is getting older and many consumers say the world isn’t prepared for the shift. According to the World Health Organization, 2 billion people will be at least 60 years old by 2050, which raises questions and concerns for consumers as well as industries. To examine consumer concerns about growing old and evaluate how product and service manufacturers[Read More…]
As China continues to age rapidly, foreign companies are moving in to cater to the estimated 300 million retirees expected in the next decade. Ben Marino reports from Beijing.
The global population of over 60s – Later Lifers – stood at 912 million in 2014, representing 12.6 percent of the total global population. It is projected that by 2030, this demographic will account for 18 percent of the total population, reaching 1.5 billion. The growth in the share of Later Lifers is rapid, driven by falling fertility and increases[Read More…]
Consumers aged 55 and above make up over a fifth of dairy consumption in the US, and this number is set to increase. Manufacturers should develop functional dairy products to meet the needs of aging population, whose consumption alone was worth almost 8.7 billion US$ in 2013, Canadean says. Older consumers want functional dairy products Older US consumers are looking for[Read More…]
The ‘silver economy’ covers a host of different but interlinked strands ; together these can improve the quality of life and inclusion in society and involvement in economic activity of the ageing population through developing innovative policies, products and services to meet their needs, bringing more growth and jobs. The concept has been emerging over the years, and recently gathered momentum[Read More…]
Zipcar, the world’s leading car sharing network, today released its first independent study examining the attitudes and lifestyle of “Urban Boomers,” a demographic cohort of adults who live in urban areas and who are ages 50 to 69, part of the “baby boomer” generation. The study revealed that Urban Boomers in the U.S. are tech-savvy, highly active, and while many still[Read More…]
One fifth of UK income in the Hospitality and Leisure industry is generated from the over 65s ; yet, only 5% of businesses in the sector consider over 65s to be their most important demographic in terms of revenue. Our latest report explores the importance of consumers aged over 65 to the hospitality and leisure industry, across ten UK regions. Click[Read More…]
Health costs of ageing will shoot up without technological innovation argues think tank Tech innovation is vital to help us adapt to ageing: Without productivity improvements, health spending in 2063-64 might need to be 5.0 % of GDP higher than currently projected. A design response to ageing can also benefit UK plc: The over 65s in the UK spend around[Read More…]
