The Global Longevity Index reveals the unmatched economic influence of the 50+ demographic:
GDP Contribution: A massive jump from $45 trillion in 2020 to an expected $118 trillion by 2050, showcasing their growing economic dominance.
Job Support: From supporting 1 billion jobs in 2020 to a projected 1.5 billion by 2050, the 50+ age group is a job market powerhouse.
Labor Income: A significant increase from $23 trillion in 2020 to an anticipated $53 trillion by 2050, underscoring their vital role in the global workforce.
Consumer Spending: Dominating with 50% of global spending in 2020, set to rise to nearly 60% by 2050, highlighting their immense purchasing power.
Global Reach: Nearly 30% of their GDP impact extends beyond home borders, proving their global economic influence.
The next 6 years also shows a very positive growth. By 2030,
27% of the world will be 50+,
Supporting more 35% of all jobs worldwide,
Contributing to 36% of global GDP,
Accounting for 50%+ of all consumer spends and,
60% of this group will be in Asia by 2030
At Greytt, we celebrate and harness this 50+ demographic's or the Silver Economy’s remarkable capabilities, driving towards a Greytt future.
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