Audrey, 53
Artist
The 50+ Demographic is the Most Valuable in the World.
50+ represents nearly half of all adults in the U.S. and to quote Dylan Thomas, they will not go quietly into the good night. They’re working longer, earning more, and spending more. They have more time and more disposable income than any 50+ cohort in history and they’re seizing the opportunity of extra years. They’re reinventing themselves, going back to school, starting new businesses, traveling, volunteering, starting new relationships and repairing old ones. They’re not growing older, they’re Growing Bolder.
115M
50+ adults in
The U.S. — 44% of the entire population
7.8 Trillion
Responsible for at least $7.8 trillion in annual U.S. economic activity
79%
Controls 79% of all disposable income
41%
Has a total net worth 12x that of younger adults
56%
Accounts for 56% of all consumer expenditures
65%
Plan to work past
65 with no plans to
retire
10,000
Americans are turning 65 every day -one every 8 seconds
69%
The number of older adults is projected to increase by 69% over the next 35 years
Adults 50+ dominate the travel industry purchasing 80% of all luxury travel and outspending younger adults by 40% on vacation.
95% of older adults watch TV and a lot of it! 174 hours every month. That’s 63% more than millennials
50+ accounts for 41% of all e-commerce spending. 65+ is now the fastest growing cohort of online shoppers up 40% in the past two years.
Adults 50+ dominate 119 out of 123 consumer packaged goods including food, beverages, cosmetics, and cleaning products.
98% of adults 50 and older own a cellphone, and among them, 91% own a smartphone
Adults 50+ account for 77% of spending on prescription drugs, OTC drugs and medical supplies
Sources: U.S. Consumer Expenditures Survey, McKinsey Research, Pew Internet, Forrester Research, Nielsen and BoomerAgers – August 2012 Report, AARP Research, U.S. Census, MRI-Simmons Fall 2020