Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

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This refers to a particular consumer group consisting of ageing affluent people, especially baby boomers who are coming of age.

Retailers and manufacturers of consumer goods are focusing on this market segment, which is both expanding and spending more – unlike most consumers in the developed world.

According to the consultancy Boston Consulting Group, globally, those over 55 will account for more than half the consumer spending growth in developed markets over the next two decades.

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