Advances in healthcare and technology mean people expect to live longer, better lives than they might have imagined even three decades ago. What opportunities await in the longevity economy?
According to the article, by 2030, one in every five residents in the US will be over the age of 65. It’s the first time in the nation’s history that older people are projected to outnumber children. With the average life expectancy now at 78.7 years, there’s a growing need for increased resources to improve our quality of life as we age.
Many experts say that the stigma around aging is quickly disappearing—in part because of entrepreneurs like our co-founder Patricia Kavanagh ‘78. When Dr. Kavanagh started practicing as a neurologist, she noticed that many of her patients would benefit from a walker, but few of them used one, simply out of embarrassment. She then set out to co-found Foray and produce Spring in order to tackle this stigma.
Make sure to check out The New Old for more about the longevity economy and a feature on Dr. Kavanagh and Foray Design.
Read the article here.