Economic opportunities and challenges of ageing

Economic opportunities and challenges of ageing
Document type
Report
Corporate author(s)
Great Britain. Dept. of Business, Innovation and Skills
Publisher
BIS
Date of publication
1 May 2011
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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This report summarises the responses obtained from a wide range of individuals and organisations to the Government's discussion paper 'Is business ready for an ageing nation? Economic opportunities and challenges of ageing'. These contributions painted a picture of a growing population of older people with an important part to play in the UK economy. A successful UK economy will in future depend on the skills and contributions of older people in the workforce. Older consumers offer a significant and growing market for goods and services. Older consumers offer a significant and growing market for goods and services. The number of people aged 65 and over in the UK is projected to increase from 16 per cent of the population in 2008 to 23 per cent in 20331, providing a growing share of demand in the UK and the rest of the developed world. How government and businesses respond to these trends will help determine how successfully our economy performs in the coming years and decades.

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