NC State Ag Economist Dr. Mike Walden – “How Aging is Changing”

 

Mary:  I’m Mary Walden with economist MW welcoming you to the economic perspective.  Today’s program looks at how aging is changing.  Mike, people aged 65 and over is growing faster than the total population and will double in numbers by 2060.  How is being in this category different today than in the past?

Mike: Summary Answer

  1. 100 years ago, if you were over age 65, you were considered unproductive and – quite frankly – just waiting to die
  2. Fortunately, not so today
  3. With improvements in health, nutrition, and disease prevention, more and more over-65 individuals are active
  4. With work less physically strenuous, more seniors are continuing to work and contribute to the output of the economy
  5. Indeed, some studies have found that companies with some senior workers boost the productivity of younger workers
  6. And with individuals living longer, lifetime income needs will be greater
  7. An aging society is one thing we can safely predict for the future
  8. Businesses, economies, and governments need to prepare
  9. I’m MW

 

Mary:  And I’m Mary Walden for N C State Extension


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