Later Life Spending

The International Longevity Centre (ILC) has published research, looking at the factors that affected people’s ability to spend in later life.

The report concluded that older consumers are already an important part of our economy and by 2040, it is predicted that 63p in every pound spent by consumers in the UK will be spent by someone aged 50 or over. It is estimated that total spending by this group will be worth £550 billion.