The New York Times on Nostr: China’s ‘Silver Economy’ Is Thriving as Birthrate Plunges ========== Li Dongmei ...
China’s ‘Silver Economy’ Is Thriving as Birthrate Plunges
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Li Dongmei shifted from operating kindergartens to offering classes for seniors in Jinan, China, due to declining birthrates; in 2022, China's population shrank for the first time since 1961, with deaths outnumbering births; the elderly population exceeded 290 million, projected to surpass 400 million by 2035; businesses are pivoting to cater to seniors, including dairy companies producing powdered milk for older adults; the number of elderly care facilities doubled since 2018; 20,000 kindergartens closed in 2022-2023; births fell to nine million in 2023, a 6% decrease; the silver economy is seen as larger than the children's market.
#China #SilverEconomy #AgingPopulation #Birthrate #ElderlyCare #Business #Demographics #Education #Health #Economy
https://www.nytimes.com/2024/09/17/business/china-economy-seniors.html
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Li Dongmei shifted from operating kindergartens to offering classes for seniors in Jinan, China, due to declining birthrates; in 2022, China's population shrank for the first time since 1961, with deaths outnumbering births; the elderly population exceeded 290 million, projected to surpass 400 million by 2035; businesses are pivoting to cater to seniors, including dairy companies producing powdered milk for older adults; the number of elderly care facilities doubled since 2018; 20,000 kindergartens closed in 2022-2023; births fell to nine million in 2023, a 6% decrease; the silver economy is seen as larger than the children's market.
#China #SilverEconomy #AgingPopulation #Birthrate #ElderlyCare #Business #Demographics #Education #Health #Economy
https://www.nytimes.com/2024/09/17/business/china-economy-seniors.html