Final answer:
The older consumer population is not limited to the U.S. and is a trend observed in many high-income nations. Improved healthcare and longer life expectancy contribute to a larger proportion of elderly citizens. This demographic shift has important implications for society.
Step-by-step explanation:
The dramatic increase in the older consumer population is not limited to the U.S. It is a trend that is observed in many high-income nations. As societies develop and healthcare improves, people are living longer, resulting in a larger proportion of elderly citizens. This demographic shift has significant implications for the standard of living and policy decisions.