Silver boom or grey bust?

As the global population continues to grow, we are faced with two powerful yet unavoidable realities: despite rising life expectancy, the population will eventually decline due to falling fertility rates. Note: the global population is projected to peak at around 10.3 billion in the mid-2080s before entering a prolonged decline.

In Malaysia, this trend has sparked significant interest in the “Silver Economy” – the economic opportunities and consumption patterns that are tailored to meet the needs and demands of an ageing population, adults over 50s. Yet, simply believing that Malaysia can benefit from this without any investment or effort risks us creating conflicting policies that can eventually backfire.