Ishan BhatnagarAIR 5 · CSE 2025 · 189 wordsTheir whole copy
Opening · a definition
"Silver economy" seeks to leverage the learnings, accrued expertise and the lifelong experiences of senior citizens (described in India as people over 60 years of age).
Body · points
Impact on reshaping intergenerational dynamics
Close · a summary
The nuclearization of family households (A.M. Shah) led to change in family structures. Despite functional jointness (I.P. Desai), we saw the changing of family bonds, with greater autonomy for young (Patricia Uberoi). However, a consequence of nuclearization, changing gender roles and geographical mobility was decline in social security for elderly. Silver economy reverses some of these trends:
1> Recasts relations of dependency of ageing
as empowered relation among financial equals.
2> Flexible working and post retirement consulting roles → continued social participation & relevance.
3> Demishes generational gap by bringing the elderly into occupational mainstream.
4> Cross Generational occupational networks → mentoring support by elderly, physical and moral support by the young.
5> Enhances capabilities & freedoms (Sen) → by increasing range of options with the elderly.
6> Contests stereotype of "dependent", "passive" elderly → ensures active, dignified, fruitful old age.
Hence, "silver economy" recasts the intergenerational dynamic to one grounded by parity, independence, mutual respect and dignity.