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Something is transforming our markets and our world. It's the economic and societal contribution of Americans age 50-plus, worth over $9 trillion in 2018 and projected to grow.
The 50-plus population now represents four generations (from the GI generation to Generation X) and by 2031 will include millions of Millennials. Generation Z will join the 50-plus cohort in 2047.
As people live longer and healthier lives, they are contributing to communities and fueling economic growth well past the traditional retirement age. The contributions of people 50-plus benefit society and Americans of all ages, due to growing numbers of people this age who are working, paying taxes, supporting the growing job market, giving time and money to charitable causes, and caregiving for family and loved ones. These economic trends will continue to lay the foundation for economic growth through 2050, according to a new analysis from AARP - Longevity Economy® Outlook, How people age 50 and older are fueling economic growth, stimulating jobs, and creating opportunities for all.
Six Things You Need to Know
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Accius, Jean, and Joo Yeoun Suh. The Longevity Economy Outlook: How People Ages 50 and Older are Fueling Economic Growth, Stimulating Jobs, and Creating Opportunities for all. Washington, DC: AARP Thought Leadership, December 2019. https://doi.org/10.26419/int.00042.001
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