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Younger people have far more to look forward to than they expect when it comes to growing older. According to a new AARP survey that compares beliefs about aging among different groups, the youngest adults are the most pessimistic about advancing years, while the oldest paint the rosiest picture.
Nearly half (47 percent) of those ages 18 to 39 believe it’s “normal to be depressed when you are old.” Not so, according to those age 60 and up: Only 28 percent agree that being depressed is normal, and a mere 10 percent say old age is a “depressing stage of life.”
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And who’s least satisfied with their lives? The youngest group: 40 percent say they are “not too/not at all satisfied” with their lives, compared to 33 percent of those 60 and over, and 28 percent of those ages 40 to 59.
Asked their views about the mental, physical and social aspects of aging, the youngest cohort was consistently gloomier than the oldest group. They believe they will be less optimistic as they age (32 percent vs. 17 percent); be slower mentally (26 percent vs. 14 percent); find it harder to get up and around (31 percent vs. 18 percent); and have fewer social connections and personal relationships (42 percent vs. 27 percent.) The middle-aged group fell in between with 25 percent, 21 percent, 25 percent and 30 percent, respectively agreeing.
“The findings of this new survey are further confirmation of something a lot of people, especially older people, know instinctively, and that is that our upper ages can be great,” said AARP CEO Jo Ann Jenkins. “It also presents a fairly stark reminder that we’re all faced by a lot of negative associations around aging. As this survey shows, they’re often wrong.”
While older adults have an upbeat estimation of their own lives, they take a dimmer view of how consumer-facing industries treat them.
A whopping 80 percent of those 60 and over say the fashion industry serves younger consumers better. They pass similarly harsh judgment on the technology industry (70 percent), the sports industry (72 percent) and the entertainment industry (60 percent).
Smaller majorities of 40- to 59-year-olds share the view that the younger are better served: 71 percent for fashion, 66 percent for technology, 61 percent for sports and 57 percent for entertainment. The youngest are significantly less prone to see themselves as having an advantage: 59 percent believe fashion serves youth better, 54 percent see technology that way, 47 percent say the sports industry and 49 percent say the entertainment industry serve younger consumers better.
“Despite the massive and growing size of the 60-plus population, which already accounts for more than $7.1 trillion of annual spending in the U.S., we don’t see a lot of products and services being developed specifically with the interests and needs of older people in mind,” said Jenkins.
The AARP survey polled a nationally representative sample of 2,601 American adults, of whom 1,027 were ages 18 to 39, 924 were ages 45 to 59 and 650 were age 60 and up.
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