The over-50 population in the US is one of the most significant contributors to US economic activity, spending $4.6 trillion a year on consumer goods and services. Including these direct-spending effects, their total economic contribution amounts to $7.1 trillion, a figure that is expected to reach $13.5 trillion by 2032. The new report The Longevity Economy, produced by Oxford Economics in cooperation with AARP, combines available data with new economic modeling to show the growing Longevity Economy’s contribution to the workforce and unprecedented consumer power.
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