The world’s population is getting older due to increasing life expectancy and declining fertility and mortality rates as a result of improvements in health, technology and overall socio-economic conditions. Population ageing will continue to become one of the global social transformations of the twenty first century. This will have diverse ramifications on all sectors of society, including labour and financial markets, health issues, demand for goods and services including transportation, housing and social protection, as well as family and

intergenerational relationships.