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How 21st-Century Longevity Can Create Markets and Drive Economic Growth
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How 21st-Century Longevity Can Create Markets and Drive Economic Growth


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Editorial Rating

7

Qualities

  • Eye Opening
  • Overview

Recommendation

By 2050, the world will have more people who are 60 and older than individuals who are 15 and younger. That’s already the case in some OECD nations, and others will reach that mark before midcentury. Businesses are realizing that this cohort is potentially lucrative in terms of wealth, spending power and talent. The World Economic Forum presents a useful overview on how an aging population can create economic opportunity. getAbstract recommends this perceptive report to executives, employers and employees grappling with graying customers and workers.

Take-Aways

  • By midcentury, about 30% of the global population – two billion people – will be 60 years old and older.
  • This age cohort already wields tremendous financial clout: For example, Americans over 60 will hold 70% of US disposable income by 2017.
  • Just as the rise of the emerging economies and the greater role of women in the workforce added trillions to global GDP, the aging demographic could have an even greater impact on world output as individuals live and work longer.

About the Author

The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world.


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