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IC The World Issue No.6

Silver economy and Smart elderly care

Aging is an inevitable societal issue globally. Particularly in recent years, admit economic stagnation and the ratrace in the job market, most countries have seen a gradual decline in birth rates, leading to a more pronouncedtrend of population aging. Consequently, demands for elderly care services, medical insurance, and long-term careare steadily increasing. The lives of elderly individuals are also becoming more convenient with advancements intechnology. An increasing number of seniors are no longer in need of assistance in caring for grandchildren but arebeginning to enjoy retirement life. The “silver economy” is also on the verge of growing a mainstream economicmarket.

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