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In an aging world, longevity literacy is essential. The number of people aged 65 years or older is expected to double from 806mn in 2023 to 1.6bn in 2050 because of the demographic transition to longer lives and smaller families.
As expected, 2023 recorded a high-speed and broad-based rebound in business insolvencies and 2024 started with insolvencies above pre-pandemic levels in most advanced economies. The number of business insolvencies rebounded in three out of four countries in 2023, with most recording a double-digit increase.