New Delhi, June 8 -- Real spending by older generations in the US is expected to rise by roughly 4 per cent in the coming years, compared to roughly 2 per cent by other adults. This shifting dynamic challenges the traditional economic viewpoint that ageing populations universally depress consumer demand and slow down economic growth.

According to an HSBC Global Investment Research report, older consumers are set to play a crucial role in determining the mix and pace of developed market consumption. The report noted that wealth accumulation and longer employment tenures are actively supporting the purchasing power of this cohort.

"There is a common understanding in economics that ageing populations are bad for growth: investment slows, p...