The Longevity Flywheel: Older Workers Become Coveted Consumers

Older people need to keep working. Employers need to retain and attract seasoned talent. Sounds like a perfect match.

At its essence, the “Longevity Economy” is simple.

People aged fifty and over already account for more than half of consumer spending in the United States and 83 percent of household wealth. And by 2030, people above sixty will become the largest consumer bloc of all, which will endure for many decades and become the new normal.

That much is clear. Add in…