Global Scans · Seniors · Weekly Summary

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WHAT'S NEXT?: Between 2000 and 2050, the proportion of the world's population aged over 60 will double from about 11 per cent to 22 per cent.

• [New] By 2050, the global population aged 60 and above will double to 2.1 billion, with the longevity economy projected to reach $8 trillion by 2030. Aranca
• By 2030, seniors will represent one in four licensed drivers in the U.S. Rebuild Jones Park
• The White House points to a sharp increase from Australia's AUD4 T + - deep superannuation (pension) pool to allocations to US assets by 2035. Edelman Global Advisory
• The Pension Schemes Bill currently going through Parliament heralds significant change across the UK pensions landscape, with a shift towards fewer, bigger and better-performing DC offerings. A&O Shearman
• In 2026, thanks to the Inflation Reduction Act, people with Medicare prescription drug coverage will benefit from a $2,100 out-of-pocket cap on their annual prescription drug costs, further making prescription drugs more affordable for seniors and people with disabilities. KRSL.com
• The UK government will introduce an optional online reminder system to help seniors track their licence expiry dates. STA-BIL Fuel Stabiliser
• The renewal process can be done online or by post, and the DVLA online portal will be upgraded to streamline applications, ensuring a faster turnaround for seniors across England, Scotland, Wales, and Northern Ireland. STA-BIL Fuel Stabiliser

Last updated: 05 November 2025