Question

1a. What is the significance of the fact that 2 of 3 of the married couples with no children at home are over 50? What market opportunities will that create?

1b. Couples are having fewer children, and are beginning to have children later. What effect will these changes have on society, schools and businesses?

Answer 1

1 This means that there is an increasing population of elderly that would encourage industries like old age home, social circles for elderly, nursing and caring personnel, gariatric care professionals, health products, hospitals, speciality care facilities. Businesses like e commerce, local home delivery services, remote care and fitness centres will be more in demand.

2 These changes will see older oarents, and increasing communication gap between two generations that are miles apart. The schools will be fewer in numbers and businesses related to old age care, safety, insurance and well being will benefit. There will be more disposable income and one is more likely to see high average age, related to a population that would need more care in the time to come.In long run, absence or scarcity of youngsters would affect productivity of nations and influx of immigrants would create more social issues.