As the global population ages, concerns about the future of the economy are growing. By 2050, the number of people aged 65 and above is expected to double, reaching 1.6 billion. This shift in demographics has led to fears of a potential slowdown in economic growth. However, there is evidence to suggest that if advanced economies can maintain the health of their elderly populations, they may be able to turn the situation into an advantage.
Ageing populations might slow down GDP growth rates, but experts believe that per capita income, which matters most to people, is unlikely to be significantly affected. Technology and higher life expectancy levels could increase productivity in the working-age population, potentially offsetting losses from a shrinking labour force. Furthermore, the accumulated wealth of older generations could drive future investments.
Some countries are already…
