An ad promotes services at a fair for the elderly in Bangkok. Photo courtesy of Facebook: InterCare Asia
The silver economy is high on the agenda for businesses. It took the UK, the US and France 45 years, 69 years and 115 years respectively to shift from an ageing society to an aged society, but it took Thailand only 19 years, while it will take Singapore and China 25 years.
The UN defines an ageing society as one where the share of people aged 65 and older exceeds 7%.
An aged society is when the share of that cohort expands above 14%, and a super-aged society has a share exceeding 20%. By 2030, people aged 50 and…
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