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Maryland Department of Aging Message from Secretary Carmel Roques

By
Industry Observer with Retired

Maryland Department of Aging Message from Secretary Carmel Roques

Secretary Roques head shot

People are living longer and healthier, and older people are becoming a larger share of Maryland’s total population. Currently, 1 in 4 people are 50 years and older. By 2050, 1 in 3 people will make up the 50+ population.

As the number of consumers, workers, caregivers, and volunteers continues to climb, Maryland benefits by encouraging older workers to stay in the workforce longer. Today's 50+ workforce is tomorrow's 60+ workforce, and this demographic offers tremendous value to Maryland’s economic landscape.

Marylanders aged 50 and older contributed 38% of our state’s taxes and 39% of the state’s GDP in 2018 – percentages expected to increase to 42% and 43% respectively by 2050. That's about $487 billion the 50+ population will contribute to the state's GDP in 2050, accounting for 60% of all money spent in Maryland, according to the AARP Longevity Economy Outlook for Maryland.

In a few short years, older workers will represent more than a quarter of our labor force, bringing much-needed experience, emotional intelligence, and generational diversity to our workplaces. Despite these benefits, societal age discrimination continues to stifle economic growth and impact the overall health and well-being of older people.

To address these challenges and maximize the benefits and opportunities of an aging society, the Maryland Department of Aging (MDOA) is working to create and implement an actionable multisector plan on aging, Longevity Ready Maryland (LRM), with a goal of promoting an age-inclusive workforce.

If you value a strong and effective labor force, please provide your input on the current state of age inclusion, sentiments toward intergenerational teams, and the experiences of workers as it relates to age by filling out this survey from the Center for Workforce Inclusion. To learn more about LRM and our department's epic goals, go to LRM.Maryland.Gov.

 

Lily in the rain, Kentlands Photowalk, Gaithersburg, MD USA IMG 4506
Canon PowerShot G11 Camera, f/4.5, 1/160 sec., ISO-500, 30 mm, No Flash
Photograph by Roy Kelley
Roy and Dolores Kelley Photographs

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Great that people are living longer Roy, and good information on staying in the workforce!

Aug 09, 2024 04:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Not a surprise to me, Roy. The Baby Boomer generation is huge and many of us continue to work right into our 70's (like me). Sadly, for too many it's a need to work, not a desire. 

Aug 09, 2024 05:03 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Roy,

I have read these statistics for some time and am not surprised. Good of you to get the word out about the MDOA wanting to address these challenges and maximize the benefits and opportunities of an aging society.

Aug 09, 2024 05:33 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Roy. The golden age of retirement or early retirement has passed. Many continue to work because they enjoy it. That, in actuality, has not changed. Unfortunately, for many, continuing to work is a necessity because of the economy and lack of planning for the retirement years.

Maybe we should be planning so future generations will be able to retire long before they expire. Enjoy your day.

Aug 09, 2024 05:50 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is an interesting message and the world is definitely getting a bit more interesting with people living longer lives.

Aug 09, 2024 06:47 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Roy and yes people are staying around longer and the Doctors are loving it, I am older now and seeing Doctors so much more then ever before.

 

Aug 09, 2024 09:59 AM