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OUR CHANGING LIVES

Longevity Bonus

People over 50 are making significant contributions to our economy and to society, benefiting people of all ages. With longer lives, improved health and motivated to make a difference, their impact is growing. A third of the US population is currently over age 50. That share will continue to grow, setting the stage for even greater impact. Here's a look at the difference people over 50 are making in their encore years.

Volunteering

25-30% do unpaid work for nonprofits each year
45% of all volunteer hours worked by people over 50
81% of older volunteers are motivated by helping others

 

Employment

25% work in full-time or part-time jobs
65+ is the fastest-growing workforce segment
47% of retirees re-enter the workforce

 

Business Startups

50% of all new businesses started by people over 50
2x higher success rate for founders over age 50
3x higher success rate for founders over age 60

 

Caregiving

38% primary caregivers for grandchildren
40% primary caregivers for spouses or parents
30% help adult children or aging parents financially

 

A Century of Change

The demographic picture has shifted and requires all of us to think differently about how people over 50 work and contribute. Watch this 4-minute video to learn why.



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