Disprupt Aging in your community - Westford

Steve Kenny from AARP began by highlighting key demographic trends and the concept of the "longevity economy." As people are living longer and healthier lives, they are continuing to make valuable contributions to society.

In 1900, the average life expectancy was just 47 years, and the population of those aged 65 and older was around 4 million. Fast forward to 2020, and life expectancy had increased to 70 years, with over 56 million people aged 65 and older. By 2060, life expectancy is projected to reach 86, with the 65-plus population expected to grow to 96 million. Additionally, half of today's children aged 10 or older are expected to live to 100.

Steve also shared data from the U.S. Census Bureau, showing that in 2010, Florida was the only state where more than 18% of its population was aged 65 or older. By 2025, all but two states are expected to fall into this category, with most states having a 20% or higher share of residents aged 65 and over.

The factors influencing the current average life expectancy of 76 years include race, gender, health, geography, income, education, and access to essential services. Disparities such as unequal access to clean air, water, and healthy food, along with racial inequities, impact life expectancy rates.

Steve also addressed a common misconception, saying, "It’s a myth that the elderly are a drain on society." In reality, the 50-plus demographic contributes a significant $8.3 trillion to the U.S. economy, or 40% of the nation's GDP. This demographic shift has given rise to a growing market for products and services designed for older adults.