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Economy

Asia will be home to 60% of world's elderly by 2030s: Deloitte

Opportunities for businesses abound -- but so do manpower, other challenges

An elderly couple sells fruit on a sidewalk at night in Bangkok.   © Reuters

SINGAPORE -- Some 60% of the world's population of people over 65 years old will live in Asia by 2030, causing a number of economies in the region to face demographic challenges before they get rich enough, according to a recent report by consultancy Deloitte.

In 25 years, the number of over-65s in Asia will be more than the total population of the Eurozone and North America combined, the report says. In particular, China will bear the greatest burden. The report estimates that the country is already home to more than 150 million people aged over 65, accounting for more than 40% of the demographic in Asia.

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