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Across the world, the population is aging. There are more people in the ‘elderly’ bracket, or 60 +, than ever before: according to World Health Organization data, there were 962 million people who were 60 years or older in 2017, more than doubling since 1980. And the process is not slowing down: by 2050, the number is expected to reach 2.1 billion. In broader terms, the following statistics highlight the significant demographic shifts that are underway (1):

• By 2030, 1 in 6 people will be over 60
• By 2050, 1 in 4 people will be over 60

This change has major implications. On the one hand, these shifts are promoting new attitudes towards aging: now, as much of the population can expect to live well beyond their ...