Reinvention is “boom”ing

According to AgeLab at the Massachusetts Institute of Technology (MIT), an American turns 50 once every seven seconds. Nearly 50 percent of the European Union’s population is 65 and older; and in Thailand, the median age will be 50 by 2050.

As the world’s population ages, so does its number of age 50-plus entrepreneurs. Far from being content - or even financially able – to retire, they reinvent themselves and while doing so, add billions to the global economy.

In fact, nearly one-third of global Amway distributors were born before 1965. That’s no surprise to us, because the Sloan Center on Aging and Work at Boston College says that “olderpreneurs” have stronger networks; a higher success rate due to the knowledge and skills they’ve acquired; a strong desire for control and flexibility; and to be part of something greater than themselves.

We’re glad that Amway fits that bill, and we salute not only their success, but also, the support they give to others.