Boomers represent the fastest-growing age group in the United States. Within the next twenty years, the 55 plus age group will account for almost a third of the total population and nearly half of all households. This high growth, coupled with the boomers’ considerable spending power, offers both opportunities and challenges for businesses and nonprofits.
Doug Norris, Chief Demographer at Environics Analytics, provides a detailed overview of how this significant demographic trend will help shape business strategies in the decades to come. Use these insights to help formulate your strategy on how to market to this older population today.