Nebraska’s 50 plus population creates an outsize economic impact that will help the state’s economy recover from the pandemic and drive economic growth for the next 30 years, according to new research from AARP.
AARP’s Longevity Economy Outlook® research report details the positive economic impact of Nebraska’s increasing number of residents over the age of 50. Their contributions to the state’s total GDP will more than triple from $50 billion in 2018 to $156 billion in 2050.
“People age 50 and older are consumers, workers, business owners, volunteers and family caregivers. They create an economic impact much greater than their proportion of the state’s population,” says Todd Stubbendieck, state director of AARP Nebraska.
Even after accounting for the impact of COVID-19, Nebraska’s aging population will continue to make economic and social contributions that benefit people of all ages, and the growth of this age group will fuel innovation and new market solutions. The 50-plus cohort will grow from 34% of the population in 2018 to 38% in 2050.
“Future generations of older Nebraskans are expected to live longer, healthier and more active lives. Demographic changes of such magnitude create a tremendous opportunity for the state of Nebraska,” Stubbendieck says. “Policymakers, business leaders and elected officials must ensure programs and policies are in place to grow this economic engine.”
The report’s key findings include:
For more information about the report, visit aarp.org/longevity.
This story is provided by AARP Nebraska. Visit the AARP Nebraska page for more news, events, and programs affecting retirement, health care, and more.
Wednesday, Nov 25, 2020 at 1:00pm Eastern Time
Wednesday, Nov 25, 2020 at 4:00pm Eastern Time
Monday, Nov 30, 2020 at 10:00am Eastern Time
JOIN FOR JUST $16 A YEAR