HEALTHCARE
The silver generation likewise propels the creation of brand-new goods and services that seek to enhance the standard of living for both older people and younger people making plans for their later years.
Singapore, according to the Ageing Asia Alliance, is the country with the biggest silver economy potential in terms of the capacity of the ageing population to spend or be supported by their children.
“Businesses who could court these ‘silver spenders’ with innovative solutions to match their lifestyle aspirations and healthcare goals will see strong growth potential,” said RHB.
Amongst investment opportunities that have stemmed from Singapore's ageing population include telemedicine and health technology.
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