Myth: Seniors Drain The Economy

Breathe deeply now…. After receiving dozens and dozens of comments on Facebook and from my newsletter subscribers, this week I am going for a grand slam by dispelling a huge myth some younger folks have about us: we are an economic burden.

Breathe deeply, again, and read on while you are resting your weary body after a long day at work.

People over fifty make up only 35% of the population in the United States, but we add $7.4 Trillion dollars a year to the economy each year, or 43% of the total GDP. That’s not pocket change! Yet from the survey of 2,000 people aged sixteen to thirty-four, a full 35% thought older folks become an economic burden when we become seniors.

Looking on the bright side, 65% of those responding to the survey thought we do not become an economic burden as we get older. Now that your blood pressure has dropped, what do you think about this fact? How does it make you feel? I look forward to hearing from you!