Over the next 12 years, all of the baby boomers will have moved into the senior generation, resulting in a major structural shift in demographics. From 2010 to 2030, the percent of the population over 65 will increase from 13 percent to 19 percent while the percent of the U.S. population aged 20-64, the primary working years, will decrease from 60 percent to 55 percent.
We in the United States are hardly alone in this demographic shift. Canada, Japan, China and most of Europe have an even higher percentage of their populations in the older age brackets.
What we are seeing recently is online retailers, having cleaned up in capturing the hearts, minds and wallets of younger generations are now turning to see how they can grab — enter Alibaba and it’s novel idea, opening physical brick and mortar stock to attract seniors. What’s old is new again, or what’s new is old.
— Reuters Top News (@Reuters) February 1, 2018