Need for more geriatric (healthcare in regard for old people) care services such as carehomes and meals on wheels
Creates employment in these sectors (e.g Geriatric Nurses) and leads to economic growth
Increased demand for medical care and rising health costs for elderly people e.g sheltered housing and retirement homes will require a bigger% of the country's budgets
Rise in the retirement/pensionage
Older people increasingly provide substantialchildcare for their ownchildren and grandchildren, saving parents money on childcare costs