Peak Insights 2021: Asia Demographic trends: Elders and Millennials
This edition of Peak Insights focuses on Asia’s ageing population and the implications arising from the slowdown in population growth, and the simultaneous ascension of the millennials who will add to the region’s already fast-expanding middle-class.
The pandemic and economic recession in 2020 might have possibly sped up the pace of population ageing and delayed the rise of the Millennials. The impacts, though, are likely to be short-lived. Going forward, better understanding of the ageing phenomenon and the socio-economic characteristics of the Millennials will be of paramount importance.