By 2035, older adults are projected to outnumber children in the United States for the first time in history.Projections also indicate that U.S. children born in 2007 or later are likely to live to 100.2 Meanwhile, the U.S. fertility rate is the lowest in 30 years. As a result, the United States – like most countries – will see a dramatic reversal in the ratio of older adults to young people, inevitably changing our society.
How can Colorado leverage the benefits of this longevity dividend? Research shows that the paradigm of working from age 25 to 65 and then retiring is becoming obsolete. Colorado has the opportunity to be an innovator and laboratory for this demographic change, to the benefit of the entire state.
This white paper examines how Colorado can improve its economy and help older adults increase self-sufficiency by strengthening its strategies, policies and approaches to older adults remaining active in the workforce.
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Source: Changing the Narrative in Colorado, a partnership of NextFifty Initiative and Rose Community Foundation