Longer-lived, longer-working individuals control an increasingly large slice of GDP and account for approximately half of all consumer spending.
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Thanks to modern medicine and improved public health, the average lifespan has significantly increased. As it expands, the global population of people 60 and older holds unprecedented potential and power. The current issue of Stanford Business looks at the impact of this monumental demographic shift on our economy, workplaces, and communities.
Here are four key takeaways:
This piece originally appeared in Stanford Business Insights from Stanford Graduate School of Business. To receive business ideas and insights from Stanford GSB click here: (To sign up : https://www.gsb.stanford.edu/insights/about/emails ) ]