30 January 2020 | Herpreet Kaur Grewal
By 2025, two-thirds of Baby Boomers will have hit the 65-year-old threshold and by 2030, the remaining third will have reached this milestone, according to a Cushman and Wakefield's report about demographic shifts by a real estate advisor.
The report stated that during 2020 and 2030, millennials will comprise the largest share of the workforce, representing 40 per cent of the global working age.
The report also found that millennials want amenities and are moving out of inner-city locations in search of space, but they are not compromising on walkability and local amenities in their location choices.
Other demographic trends included Generation Z being the largest cohort alive comprising of just under two billion people globally or 26 per cent of the world's population.
A life grown up in the digital era has made Generation Z technologically capable but, at times, it may be at the expense of emotional and social skills.
Read the full report here.