Silver Economy

The Silver Economy refers to the economic activities and opportunities arising from the aging population, particularly older adults aged 50 and above. As life expectancy increases, this demographic often has significant disposable income and specific needs, driving demand for products and services tailored to their lifestyle, health, and well-being. This includes healthcare, travel, leisure, technology, and home modifications. Businesses and policymakers recognize that leveraging the potential of the Silver Economy can lead to innovation, job creation, and improved quality of life for older adults, while also addressing the challenges of an aging society.