Exploring the 10 Trends Powering the Age Boom

This bubble won't burst!

You can tap into one of the world's largest and fastest-growing markets by reaching out to baby boomer and senior consumers.

In the United States alone, there are more than 108 million people over age 45 as of 2006 – a group with more than $2 trillion in annual spending power. The 78 million boomers born between 1946 and 1964 make up 28% of the U.S. population and own more than 77% of all financial assets, and the number of Americans age 65 and older is set to double by the year 2030. This is an opportunity you can't afford to ignore.

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2012 Silicon Valley Boomer Venture Summit and Business Plan Competition

The Ninth Annual
What's Next Boomer Business Summit
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on Wednesday, March 28, 2012!

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Discover this marketplace for yourself!

bullet 10 Trends Powering the Age Boom bullet
1. Health, Vitality & Wellness
2. Work, Money & Avocation
3. Creativity & Learning
4. Passion, Play, Travel & Adventure
5. Fashion & Beauty
6. Family & Friends
7. Caregiving & Grandparenting
8. Romance/Love & Sexuality
9. Giving Back & Philanthropy
10. Religion & Spirituality

"The boomer generation is changing 'business as usual' in two significant ways."


--Mary Furlong, Turning Silver Into Gold
 

Mary Furlong's new book, Turning Silver Into Gold: How to Profit in the New Boomer Marketplace, hit the shelves this spring. Now, you can sample the savvy advice Mary offers in Chapter 10: Financing Your Dream. Here's a peek:

 

"The boomer generation is changing 'business as usual' in two significant ways. First, they are the customers for the visionary businesses that we have explored throughout this book. But they are also creating these businesses and making the products and services they want so they can age well.

If you've been thinking about leaving the corporate grind or starting a business aimed at this juicy market, you're not alone…. Most boomers intend to work all their lives, and many will have to because they need the income.... But few boomers who keep working will settle for just any job. Millions of them seek creativity and passion in their work lives. They are more likely than previous generations to want work that reflects their values and identity; they want to make a difference and have fun while doing it."

Read the rest of Chapter 10: Financing Your Dream.

News

Movie Review
John M. Williams of Assistive Technology News weighs in on "The King's Speech."

Recommended reading
An Investors.com article talks about the rise of gray-tech and quotes Dr. Furlong and Laurie Orlov.

Recommended reading
Can Seattle Reinvent Advertising?

Leslie D. Helm, editor of Seattle Business magazine, weighs in.

Recommended reading
Adults 74 and older who are online have quadrupled their social networking presence, according to a new Pew report.

Mary's Marketplace offers unique products
Unique products and gift ideas are only a click away at Mary's Marketplace website. Find out more about the site here.

Dr. Furlong interviewed
Read the Hearst Newspapers interview of Dr. Furlong here.

Recommended Reading
Louis Tenenbaum announces the publication of Aging in Place 2.0, Rethinking Solutions to the Home Health Care Challenge, a report from the MetLife Mature Market Institute. Tenenbaum co-wrote the report with John Migliaccio, MMI's director of research, and his colleague Darcy Defrancesco. The report outlines the changes that will be needed, including new monitoring technologies, under a new aging in place blueprint known as AiP2.0. See the MMI press release (PDF) here. Read Tenenbaum's blog post, in which he welcomes comments, here.

Recommended Reading
Read Laurie Orlov's latest Aging in Place Technology Watch newsletter here.

Recommended Reading
From The Atlantic, "Letting Go of My Father" tells how the author found himself utterly unprepared for the decline of a parent, and argues for more public involvement in what looks to be an emerging crisis. Hat tip: Shannon Ingram.

Recommended Reading
In The Economist, "The Silver Tsunami" (subscription required)says that business will have to learn how to manage an aging workforce.

10 Aging in Place Trends to Watch
Laurie Orlov lists indicators that will drive 2010 trends.

Recommended Reading
From Business Week,which looks at "Launching Startups in Retirement" and "Encore Careers: 16 Success Stories."

"Buddy, Can You Spare a Job?"
A MetLife study looks at the realities of the job market for aging baby boomers. Read it (PDF format) here.

Dr. Furlong radio interview
Dr. Furlong was interviewed on the "Tampa Bay Tomorrow" radio program. Listen online or download a podcast of the interview here.

Recommended Reading
"Building a Generous Brand,"
"Boomers Going Bust,"
"The Wealth of the Baby Boom Cohorts After the Collapse of the Housing Bubble" Hat tip: Rick Moody.

On the AT front
John Williams of Assistive Technology News looks at the potential of ReadHowYouWant.com in "I Have a Right To Read." Full article here.

Dr. Furlong interviewed on NPR
On "All Things Considered" Jan. 12, Dr. Furlong was part of an "All Tech Considered" segment from the Consumer Electronics Show in Las Vegas titled, "New Tech Gadgets Target Older Folks." The full story and the audio can be found here

USA Today Quotes Dr. Furlong
Columnist Edward C. Braig quotes Dr. Furlong on how boomers' use of technology means they will never become traditional seniors: "We text, we Skype, we Twitter." Read the entire column here.

AARP chief brand officer Emelio Pardo speaks before Marketing Executives Networking Group
Emilio Pardo, who spoke at the What's Next Boomer Business Summit in March 2008, got some great coverage of his talk before MENG in November. Read it here.

Aging Today article looks at What's Next

San Francisco, CA – The 2008 What's Next Boomer Business Summit, which was held in Washington, D.C., in March, is the subject of an article in the May-June issue of Aging Today by editor Paul Kleyman. Dr. Furlong is quoted extensively in the piece, which also lists featured speakers, participants and key topic areas including caregiving, mobile marketing and financial longevity. Read the entire piece (in pdf format) here

Save the Date!

Silvers Summit at CES 2011, Jan. 8, 2011, Las Vegas

Aging in America, April 26-29, 2011,San Fransisco

What's Next Boomer Business Summit, April 29, 2011,San Francisco

More Events

Support for Mary Furlong and MFA

“I recently hired Dr. Mary Furlong for a 2 day evaluation of my current business and 2.0 plan moving forward. Dr. Furlong gave us amazing clarity and direction moving forward with our 2.0 Plan and within two weeks had that new direction highlighted in a Business Week article through her army of contacts and friends. This was the single best investment I have made in the 3 years I have helmed this project. Thanks Mary. ” – Craig Caryl, DEO, Dr. Marion, Inc.

“MFA knows the nonprofit community and has strong and deep relationships with the key affinity groups that serve the boomer and senior markets.” – Peter Ziebelman, co-founder of Palo Alto Venture Partners

“MFA has always introduced us to the right person in the right organization at the right time. This has been helpful to us as a client and to others as well.” – Jeffrey Zimman, CEO of Posit Science Corporation

"Mary Furlong and her team have excellent and wide-ranging contacts in the media. Their knowledge of who covers what in the boomer world was of great help to me in launching my book, "Rightsizing Your Life: Simplifying Your Surroundings While Keeping What Matters Most,"which went to a third printing in less than five months.- Ciji Ware, author of "Rightsizing Your Life: Simplifying Your Surroundings While Keeping What Matters Most," published in 2007 by Warner Books/Springboard Press

"Dr. Mary Furlong is a true visionary. Her insights and market intelligence are consistently spot on and her notions about what to do and how to do it demand serious attention from start up entrepreneurs to Fortune 500 executives." – Ken Dychtwald, Ph.D., President of Age Wave, Author of "The Age Wave," "Age Power," and "The Power Years" (from a review of Mary Furlong's 2007 book "Turning Silver into Gold: How to Profit in the New Boomer Marketplace")

"Mary Furlong is an expert on the Baby Boomer demographic as an academic, entrepreneur, and marketer. She has lots to teach about how to successfully reach and impact this enormous market." – Myrna Blyth, Founding Editor, More Magazine (from a review of Mary Furlong's 2007 book "Turning Silver into Gold: How to Profit in the New Boomer Marketplace")

"Mary is an evangelist who has been selling the dream of the boomer/senior market for over twenty-five years. She understands the customer segment better than anyone." – Guy Kawasaki, Managing Director, Garage Technology Ventures and author of "The Art of the Start" (from a review of Mary Furlong's 2007 book "Turning Silver into Gold: How to Profit in the New Boomer Marketplace")