AARP: ‘Longevity Economy’ accounts for $7.6 trillion in U.S., study shows
On Monday, AARP released the 2016 Longevity Economy report, an in-depth look at how our nation’s population of 111 million 50-plus consumers are impacting the U.S. economy. According to the report, the 50-plus age groups generates $7.6 trillion in economic activity (a $500 million increase from 2013), including $5 trillion in consumer spending by people 50-plus. This increase reflects the shifting demographic and spending patterns of this group due to longer life spans and prolonged employment. The 50-plus cohort represents…
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