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August 28, 2023 at 06:01 PM
Aging is not what it used to be.
A paradigm shift is taking place as older adults do away with long-held cultural beliefs and social norms about how older men and women should think, feel and act, according to a recent report from Age Wave, a research firm led by Ken Dychtwald.
In a survey of over 2,050 adults, about half of whom are 50 years of age and up, Age Wave finds many rapidly changing views on retirement and longevity.
Financial professionals who serve older clients would be well advised to take a close look at these survey results, which Age Wave says are key to understanding the changing population of the United States.
The report’s findings are based on an online Harris Poll survey fielded in early June among a nationally representative sample of 2,054 U.S. adults, including 934 who were 50 and older, as well as Age Wave research. (The results were weighted so they would reflect the actual population demographic data of the U.S. population today.)
Meanwhile, the U.S. ranks No. 1 across the globe when it comes to per-capita health care expenditures, but it ranks 40th in terms of life expectancy, according to the World Health Organization.
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