The silver economy

The hope is that the huge withdrawals during the Covid-19 period by members to smoothen their living expenses would not jeopardise the long-term ability of the EPF to generate a superior return.

THE silver economy is simply defined as all economic activities, products and services designed to meet the needs of people over the age of 50. And in all likelihood, it is going to be a booming industry.

Global demographics point to this as the world is experiencing an ageing population and declining birth rates.