As the International Monetary Fund (IMF) emphasizes, older individuals today are healthier and more capable than previous generations, leading to the trend where the 70s are now regarded as the new 50s. With improvements in health and cognitive function among seniors, the IMF encourages nations to leverage this demographic shift for economic gain. This 'silver economy' reflects the opportunity presented by an ageing yet capable workforce, projected to influence financial landscapes significantly as average lifespans increase over time.
The International Monetary Fund suggests that today's 70-year-olds are cognitively akin to 53-year-olds from years past, revealing the potential of an ageing workforce.
According to the IMF, the term 'silver economy' reflects the opportunities presented by a healthier elderly workforce, which can contribute to financial growth.
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