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Thursday, 20th August 2015

Europe: The Silver Economy: Opportunities from Ageing

Source: European Parliamentary Research Service

From Summary:

The population in the EU is ageing due to increasing longevity and low birth rates. The Commission's 2015 Ageing Report forecasts that the EU will move from having four working-age (15-64) people for every person aged over 65 years in 2013, to just two by 2060. Whilst population ageing brings challenges, it also presents opportunities. Euromonitor forecasts that the global spending power of those aged 60+ will reach US$15 trillion by 2020. Annual age related government expenditure on older people (currently nearly 20% of GDP in the EU) is forecast to rise by 1.8 percentage points by 2060.

The silver economy concept seeks to look holistically at ageing and the opportunities it presents, bearing on the future direction of a broad range of polices such as those on the built environment, 50+ employment, life-long learning and preventative healthcare. Moreover, it seeks to embrace new technologies (e.g. health monitoring, smart homes, driverless vehicles, and care robots) and use them to lower the costs of ageing and improve the lives of older citizens whilst simultaneously helping to boost the economy.

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

More articles by Adrian Janes »



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