Blog The Silver Economy

The Silver Economy
With more than two billion senior citizens aged 60 and above expected by the year 2050, the growing silver economy will pose both challenges and opportunities to businesses and governments. 

The elderly generation is valued at around 7 trillion dollars a year, but is still largely underserved by businesses, said Professor Tommy Koh, Singapore’s Ambassador-at-Large, at a panel session on the Silver Economy.

Janice Chia, Founder and Managing Director of Ageing Asia, noted that older people don’t spend just on healthcare but all products. Yet, businesses have yet to adapt their products for them.

On the investment front, Vafa Ahmadi, Managing Director and Head of Global Thematic Equities, CPR Asset Management said that investors are also increasingly aware of the potential of the silver generation.