Have you heard of the longevity economy? If you’re over 50 you’re one of more than 1.6 billion people worldwide who are in this demographic.
And the number of us in that age bracket is expected to nearly double to 3.2 billion people by 2050 according to a recent report by Oxford Economics published by AARP.
Why is this important? Because this “cohort” will be driving every segment of the economy, defying myths and stereotypes about aging and prosperity.
In the U.S. alone there are 111 million of us! Together we create $7.6 trillion in economic activity, buying, working and putting others to work to meet our needs.
And this demographic is diverse in the best, broadest sense of the word, across race, across class and across geography. We are active in the workplace and stay active longer than ever before, “earning wages, spending more money, generating tax revenue, and producing economic value for an extended period of time.”
Once we grasp the economic impact we have as a generation, the sky is the limit for what we can accomplish when it comes to defying the myths about aging and retirement, health and wealth and generally prosperity.