Abstract
The number of older persons has increased substantially in recent years in most countries and regions, and that growth is projected to accelerate in the coming decades. This is poised to become one of the most significant social transformations of the twenty-first century, with implications for nearly all sectors of society, including labor and financial markets, the demand for goods and services, such as housing, transportation, and social protection, as well as family structures and intergenerational ties. Preparing for the economic and social shifts associated with an aging population is thus essential to ensure progress in development, including towards the achievement of the goals outlined in the 2030 Agenda for Sustainable Development. There is urgent need to consider older persons in development planning, emphasizing that older persons should be able to participate in and benefit equitably from the fruits of development to advance their health and wellbeing, and that societies should provide enabling environments for them to do so.
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