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Pandemic
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Pandemic boost for aging-linked stocks, pent-up medical demand and online insurance buying
The number of people aged 65 and over is projected to double to more 1.5 billion by 2050, greatly increasing their economic impact. The total spending power of the older population globally was about $8.4 trillion in 2020, according to World Data Lab. That’s expected to grow to $14 trillion over the next decade.
Govt asks ministries to target 20% reduction in controllable expenditure
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