Reprinted from Longitudes
Cities need to adjust policies and rethink resources to support an aging demographic.
The world’s top 750 cities will experience profound demographic shifts over the next 15 years. For one, the world will be urbanizing rapidly: by 2030, the populations of these leading cities will increase by an estimated 410 million.
What’s more, the changes in birth rates and the longer life spans will have a transformative effect on housing patterns, labor participation, and infrastructure use.
Almost everywhere, urban populations are aging. According to Oxford Economics’ Global Cities report, more than 150 million additional residents over age 65 will populate the world’s top cities by 2030. And roughly 40 percent of these seniors – or 61 million – will live in China’s leading cities.