Could the Silver Tsunami be the beginning of a Longevity Economy?
There are over 176,500 people over the age of 65 employed in Rhode Island. In some industries, there are not enough people entering the field to replace the ones who wish to retire. Our desire to work is sometimes at conflict with our need to provide caregiving to our aging loved ones.
According to the U.S. Census Bureau, 21.3 percent of the Rhode Island population will be over the age of 60 within the next year. Rhode Island already has the highest proportion of people over the age of 85 in the country. It’s not uncommon for individuals in their 60s and 70s to have parents in their 90s that require assistance.
The intersection of work and aging is not new. The term “industrial gerontology” was coined in 1959 in the Journal of Gerontology article, “Major Problems of Industrial Gerontology”, written by K.F.H. Murrell. Industrial gerontology focuses on aging, employment and retirement issues of middle-age and older workers.
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