Pat Stuart
The estimates look staggering. Two-thirds of the people over 65 years of age and three-fourths of those over 75 who have ever lived in all of time are alive, right now, this moment, today.
But this is just the beginning. In another 10 years by 2030 there will be more seniors over 65 than there are children under 15. By 2050, the number of seniors is expected to double again.
The numbers appear so overwhelming that we probably can take it as a given that the basic statement about the unprecedented numbers of elders is true.
This has huge consequences for a society that currently marginalizes seniors and worships youth. As for the economy, its changing even as we speak.
Right now, according to the AARP, 83% of American household wealth is held by people over 50, while older seniors (80 and over), hog most of the wealth held by the top 1%ers.
Their impact on the economy is so powerful that its spawned a new term: the Longevity Economy.
What does this mean? For openers, the Longevity Economy age group are staying employed longer, spending more money, generating tax revenue, driving entrepreneurship and investment, and are avid consumers of recreation and leisure activities.
Are they competition for younger workers? Analysts say, no. Instead, they claim that these seniors add value to our communities by finding new ways to complement the rest of the workforce. And, of course, seniors dominate the volunteer economy, boosting a communitys social capital.
Here at home
The Longevity Economy, in fact, is changing us in Park County.
A quarter of Park Countys current total population is over 65. Since another quarter is under 18 years of age, that means the current age ratio of those contributing to our local economy is 2:1; that is two (18 through 64 years of age) to one (65 and older).
In a sense, I see myself and a lot of my friends in this picture. Some of us grew up here, were part of the local economy, and sent our children to local schools. Others, though, as much as we loved our homes here, left to find work elsewhere only returning when we had a retirement income for support. Still others visited here as tourists, loved what they saw, and made this their retirement home.
All of us, health permitting, fit the larger national picture.
We volunteer and keep many of the service organizations functioning and their missions successful. We have hobby businesses like sales of our crafts or, in my case, books. We teach our own skills to others. And, mostly, we do that without recompense to ourselves while the people we teach go on to use their new skills to earn a livelihood.
Senior spending
Perhaps most importantly, we spend. Most of our retirement income enters the state from outside sources and, then, is spread around our communities.
Were the customers that help keep local businesses afloat,
Were the majority users of health care; ones who can pay our medical bills and are responsible for the presence of a large and vibrant medical community.
Were payers of property and sales taxes that contribute to keeping our local government services robust.
Were the backbone of almost all the churches in the area, helping maintain our moral and spiritual fiber.
Consider further that most retirees have incomes that are largely protected from the current (or any other) economic slump, and all are covered by health insurance. While traditional working age families are struggling, the majority of our seniors can continue to meet their mortgage schedules, shop for groceries, volunteer, order take-out from otherwise closed restaurants, pay their bills, buy gas and pay taxes. In short, theyre a stable economic unit.
To balance the picture
Still, weve worried about the number of retirees moving into the area, giving us an unbalanced demographic. As much as our gray-haired coterie contributes to the economy, they generally arent the ones who (for example) support the schools and give us a vital educational system. They dont open and run brick-and-mortar businesses that give us a vibrant downtown. Etc.
There are good, solid reasons why every community needs a balanced age demographic.
That said, its almost inevitable that our home-grown population of seniors will double as the national figure does. We can also expect to attract more retirees. Should we discourage or encourage this?
Thats a question our leaders will be grappling with in the coming years. The trick for them is going to be to keep a balance. Gray is good. But only when well-mixed.
Read more:
The graying of the town - Powell Tribune
- 107 Years of Grace: Mary Pilgrim on love & longevity - WFLA - May 5th, 2024
- A 100-year-old musician shares the secrets of his longevity - Business Insider - May 5th, 2024
- I tried the longevity regime and felt its benefits in days - The Telegraph - May 5th, 2024
- Winter Haven woman celebrating 107th birthday shares her secret to longevity - FOX 13 Tampa - May 5th, 2024
- Livermore Falls woman, 96, says the key to her longevity is living a healthy life - Lewiston Sun Journal - May 5th, 2024
- Why ovaries are so crucial to women's health and longevity - National Geographic - May 5th, 2024
- How to lead a meaningful and positive second half of life. - Psychology Today - May 5th, 2024
- A longevity revolution is coming. Heres how those over 100 are making the most of their lives - The Guardian - May 5th, 2024
- Jeff Bridges credits wife, 48-year marriage with his longevity - Business Insider - May 5th, 2024
- Rare Longevity Mutation Linked to Unexpected Cardiovascular Benefits - SciTechDaily - May 5th, 2024
- We should stop using the term 'reverse aging,' scientists say - Business Insider - May 5th, 2024
- Expert Opinions on Inflammaging and Aging Rapid Effects, Soothing Benefits, Longevity, Anti-senescence and More - Cosmetics & Toiletries - May 5th, 2024
- Are We Talking About Health and Longevity All Wrong? - InsideHook - May 5th, 2024
- The importance of longevity literacyand managing the risksin retirement - Insurance News Net - May 5th, 2024
- Inside the longevity lab that aims to help people live longer - TODAY - February 27th, 2024
- I'm a longevity expert these are the 4 supplements I take every day to fight aging - New York Post - February 27th, 2024
- The Longest Living People In the World All Abide by the 'Power 9' Rule - GQ - February 27th, 2024
- Im a longevity expert and there's six things you should do daily if you want to live longer' - Daily Record - February 27th, 2024
- Reducing the metabolic burden of rRNA synthesis promotes healthy longevity in Caenorhabditis elegans - Nature.com - February 27th, 2024
- Presidio Federal's Thad Anderson Receives WashingtonExec's Longevity Award - WashingtonExec - February 27th, 2024
- Faces of wealth, intellect and longevity, as revealed by veteran face reader - The Korea Herald - February 27th, 2024
- I'm a longevity expert here are the best foods to eat for a long and healthy life - New York Post - February 27th, 2024
- Danny Care: 'Pilates Has Helped with the Longevity of My Career' - Men's Health UK - February 27th, 2024
- Give Me This Mountain | Tips for Spiritual Longevity - Harvest.org - February 27th, 2024
- Chris Hemsworth did a 4-day fast to reverse aging. His trainer played a cheeky joke to test his willpower. - Yahoo Canada Shine On - February 27th, 2024
- Pet longevity is a spark about to turn into a wildfire - Longevity.Technology - February 27th, 2024
- The Longevity of Bitcoin's Bull Run; Polkadot and Up-and-Coming Memecoin Draw Crowds - Analytics Insight - February 27th, 2024
- 'This is weird': Experts 'shocked' by record-breaking longevity of Death Valley's phantom lake - Livescience.com - February 27th, 2024
- Understanding the Longevity of SARS-CoV-2 Antibody Responses to Infection and Vaccination - Medriva - February 27th, 2024
- Experts agree: The fasting-mimicking diet may be the key to longevity - Longevity.Technology - February 27th, 2024
- Daily habits of a longevity expert : TED Radio Hour - NPR - December 30th, 2023
- Why does fruitcake last so long? Ingredients and preparation of the dessert play into its longevity - Fox News - December 30th, 2023
- Interviews of 2023: the longevity companies - Longevity.Technology - December 30th, 2023
- Nancy Wilson Discusses Longevity of Heart & Family Drama Within the Band Ahead of New Year's Eve Show in Seattle - American Songwriter - December 30th, 2023
- What Will It Take To Make Super-Aging Not So Super-White? - Well+Good - December 30th, 2023
- Arteta on Moyes and longevity in coaching | Quotes | News - Arsenal.com - December 30th, 2023
- New Years resolution guide: 5 steps to a healthier 2024 from a longevity expert - Fox News - December 30th, 2023
- Interviews of 2023: the longevity visionaries - Longevity.Technology - December 30th, 2023
- The Top 11 Longevity Tips Of 2023, From The mindbodygreen Podcast | mindbodygreen - mindbodygreen - December 30th, 2023
- Why LeBron James' longevity is unmatched in the NBA | Good Word with Goodwill - Yahoo Sports - December 30th, 2023
- Short vs long fasts: What is the ideal length for longevity? - Longevity.Technology - December 30th, 2023
- Centenarians share the secrets to living a long, healthy life - Fox Business - December 30th, 2023
- Rob Lowe on Turning 60 Soon & His Secret to Career Longevity (Exclusive) - Extra - December 30th, 2023
- Investigating the longevity and diversity of South Asian miniature traditions - STIRworld - December 30th, 2023
- The Silent Threat of Hypochondria: Impact on Longevity and Health - Medriva - December 30th, 2023
- Longevity: What lifestyle habits could help you live to 100? - December 22nd, 2023
- Aiming for longevity - Harvard Health - December 22nd, 2023
- How Long Can We Live? - The New York Times - December 22nd, 2023
- This Was the Year of Obsessing Over Longevity - GQ - December 22nd, 2023
- Menopause Age Looms Over Women. Efforts to Prevent it Could Extend Fertility. - Bloomberg - December 22nd, 2023
- Longevity: Is exercise the key to a longer, healthier life? - Medical News Today - December 22nd, 2023
- The #1 Sign You'll Live to 100, According to Longevity Experts - Gwinnettdailypost.com - December 22nd, 2023
- Cowboys Take On Dolphins, How Longevity Factors Into Hall of Fame Election and More - The 33rd Team - December 22nd, 2023
- Longevity Hacks Are Coming to Your Gym - WSJ - The Wall Street Journal - December 22nd, 2023
- 106-year-old woman shares hobbies, habits she says helped longevity - Business Insider - December 22nd, 2023
- Tips to Improve Your Health & Longevity in the New Year - KATU - December 22nd, 2023
- NN Group gets 13bn longevity risk transfer with Prudential and Swiss Re - Reinsurance News - December 22nd, 2023
- A fresh perspective on longevity - savannahmagazine - December 22nd, 2023
- Este Lauder targets age reversal with Stanford Center on Longevity partnership - Cosmetics Business - December 22nd, 2023
- Longevity means taking a proactive approach to prevention - Longevity.Technology - December 22nd, 2023
- Decoding Longevity: Centenarian Traits and Aging Research - BNN Breaking - December 22nd, 2023
- Brain Age: The Science of Cognitive Longevity - BNN Breaking - December 22nd, 2023
- The Role of Exercise in Longevity: A Holistic Approach to Health and Fitness - Medriva - December 22nd, 2023
- Get interventions to market and to people faster and cheaper - Longevity.Technology - December 22nd, 2023
- Humans Could Live up to 150 Years, New Research Suggests - May 17th, 2023
- The ingredients for a longer life - BBC Future - May 17th, 2023
- Life Expectancy by State 2023 - World Population Review - May 17th, 2023
- About Us - Fountain Life - May 17th, 2023
- Longevity: The Keys to Slow the Aging Process - Dr. Axe - March 29th, 2023
- "I got a 20-year contract. Giannis is going to play for 20 more years" - Mike Budenholzer on the longevity of Giannis Antetokounmpo and the... - January 23rd, 2023
- "I think Nadal has been doing a great job of that in the last four or five years": McEnroe believes Murray needs to shorten points for... - January 23rd, 2023
- Jon Voight is 'blessed' to have had such a long Hollywood career - Yakima Herald-Republic - November 7th, 2022
- USD Index to sink to 103 by end-2023 amid greater certainty and longevity of Dollar downtrend Westpac - FXStreet - November 7th, 2022
- Retirement Calculator | Northwestern Mutual - October 15th, 2022
- The Longevity Investors Conference Gstaad brought together longevity experts and deep-pocketed investors - Cointelegraph - October 15th, 2022
- Do you think ageing can be reversed? Here are 12 longevity startups to watch - Sifted - October 15th, 2022
- 'SNL' Gig Was a Risk Rob Lowe Credits for His Longevity: 'I Had People in My Life Telling Me - TheWrap - October 15th, 2022
- Wellness and longevity brand Serotonin Centers to open in Nashville - Tennessean - October 15th, 2022
- Lesley Stahl on longevity of '60 Minutes': 'That clock is still there' - USA TODAY - October 15th, 2022
- 4 Recipes With Corn, Beans, and SquashThe Three Sisters Ingredients That Blue Zone Centenarians in Costa Rica Eat Every Day - Well+Good - October 15th, 2022