Susan Wilner Golden, author of 'Stage (Not Age)', discusses the $22 trillion opportunity in understanding and serving people over 60. Longevity presents both challenges and opportunities for companies. The book emphasizes life stage over age, highlighting the diverse needs within the demographic. With 10,000 Americans turning sixty-five daily, companies need to rethink their approach towards this rapidly growing market.
Reevaluating perceptions of individuals over 60 unlocks a $22 trillion market opportunity.
Promoting continuous self-improvement and adaptability through multi-stage life concepts.
Inclusive marketing targeting life stages can tap into vibrant opportunities and combat ageism.
Deep dives
Opportunities in Harnessing the Lucrative Market of People Over 60
Understanding the vast potential of the market represented by individuals over 60, Susan Wilner Golden's book, 'Stage, Not Age', sheds light on the $22 trillion opportunity that reevaluating perceptions about this demographic can unlock. With 10,000 Americans turning 65 daily and demographics shifting towards an older population, companies need to strategize for longevity and adapt to serve this dynamic market.
Transitioning to a Multi-Stage Life and Lifelong Learning
The concept of a multi-stage life, emphasized by Susan Wilner Golden, challenges traditional retirement notions with individuals living longer, potentially into their 100s. Lifelong learning and career transitions become essential as people navigate through different life stages, promoting continuous self-improvement and adaptability to new career paradigms.
Addressing Ageism and the Importance of Inclusive Marketing
Susan Wilner Golden advocates for a stage-based approach to combat ageism, encouraging understanding and appreciation of diverse needs across different life stages. By promoting inclusive marketing that targets life stages rather than stereotypes by age, companies can tap into the vibrant opportunities presented by older populations and create products that cater to these needs.
Empowering Older Adults and Supporting Age-Diverse Workforces
Creating environments that empower older adults through remote work options and social connections is vital for fostering a sense of purpose and community. Age-diverse workforces can enhance productivity and innovation, with mixed-age teams offering unique perspectives and opportunities for multi-generational products and services.
Technological Solutions and Platforms for Longevity and Well-Being
Utilizing technology platforms that facilitate connections, learning, and well-being for older adults is crucial in promoting healthy longevity. From integrated digital solutions to virtual learning communities, opportunities exist to empower individuals in planning for a longer life and accessing relevant resources and support.
Susan Wilner Golden visits Google to discuss her book, “Stage (Not Age): How to Understand and Serve People Over 60 – the Fastest Growing, Most Dynamic Market in the World”. The book discusses the $22 trillion opportunity that can be unlocked if we rethink everything we think we know about people over 60. The book is the concise guide to helping companies understand and serve this market by focusing on life stage, not age, and identifying the deep diversity of needs within the demographic. In the time it takes you to listen to this sentence, another twenty Americans will turn sixty-five. Ten thousand people a day are crossing that threshold, and that number will continue to grow. In fifteen years, Americans aged sixty-five and over will outnumber those under age eighteen. Nearly everywhere in the world, people over sixty will become the dominant population. Demographers tend to think of this new longevity as a crisis we are not prepared for. And there are serious issues to address in order to serve this population, and society as a whole. But longevity also presents an opportunity for which companies need to develop a strategy. Estimates put the global market for this demographic at $22 trillion across every industry you can think of.