With the size of the world's elderly population increasing rapidly, the growing demographic of wealthy "baby boomers" has become a significant driver for several major economies.
While most countries have benefits, welfare programs, work incentives and social programs that cater to the elderly, the playing field is not leveled. The World Health Organization forecasts that the number people aged 60 years and older will reach 2 billion by 2050 – nearly one in every five people. When it comes to taking care of this increasingly important consumer class, some countries are a step above the rest.
Here, we look at the 10 countries that had the highest average gross income for the 65-and-over population in 2012. With an average gross income of $55,693 for seniors – nearly four times the global average of $14,541 based on data from market research firm Euromonitor –you'll find some familiar names on our list along with some surprises.
Where are the world's elderly thriving financially? Click ahead to find out.
By Rajeshni Naidu-Ghelani
Posted September 2013