Private and public sectors unite to maximise opportunities of ageing population
19 September 2012
NSW Minister for Ageing Andrew Constance will today welcome more than 50 private sector organisations including some of Australia's largest businesses to a forum exploring the benefits and opportunities arising from the ageing population.
Representatives from businesses and organisations including Woolworths, Optus, the NRMA, Clubs NSW, HCF and Medibank will attend the forum.
Keynote speaker Bernard Salt will provide key data and information to corporates on new and emerging markets as a result of population ageing in general and boomers entering retirement in particular.
"The NSW Government is committed to working with business to maximise the economic opportunities that are associated with population ageing," Mr Constance said.
"This is a key component of the NSW Ageing Strategy, which is aimed at enhancing the lives of seniors, embracing the challenges of population ageing and capitalising on the opportunities."
In NSW, there are over one million people aged 65 and over (almost 15% of the population), and 2.3 million people aged 50 and over (over 33% of the population).
Over the last 10 years the number of people over the age of 55 still engaged in paid work has increased from 24 to 34 per cent.
"Population ageing is creating new and expanded markets in areas such as technology, tourism and recreation; driven by increasing numbers of healthy and active seniors," Mr Constance said.
"We are all responsible for meeting the challenges ahead of us to respond to this demographic shift which is why partnerships between the public and private sectors are so important."
Outcomes of the forum will be used in the development of the NSW Government's Industry Action Plans, which aim to position key sectors of the state's economy for strong growth, resilience, improved innovation and productivity over the next decade.
Find out more about the NSW Ageing Strategy.