What investors need to know about the longevity economy

As life expectancies rise across the globe, the way people live is rapidly changing. In fact, retiring and elderly generations are forecast to represent 55% of consumption growth in developed markets by 2030. With an ageing global population comes rising healthcare costs. Personal healthcare spending in developed markets is expected to double at 65 years of age and quadruple at 85. Living longer means having to rethink life’s journey – from career changes and further education to financial planning and ensuring a more comfortable retirement.