"People over 55 years old: a vital pillar for the Spanish economy and society."

The recent study by the Mapfre Foundation has shed light on the crucial role that individuals over 55 years old play in the Spanish economy and society. With an astonishing 60% of national consumption attributed to them, this age group, which constitutes 34% of the population, significantly contributes to the country's Gross Domestic Product (GDP), generating 25% of it. This information, presented last Tuesday, reveals that the 13.6 million Spaniards in this age bracket are considered an essential pillar not only for the economy but also for the social fabric. The authors of the study emphasize that a good portion of these seniors remain active in the labor market, providing multiple sources of income to their households. The economic well-being of this group is notable, as 58% of respondents feel secure regarding their financial situation, an increase of eight percentage points compared to last year. Additionally, 73% maintain an optimistic outlook on their future, reflecting a positive change in their perception of quality of life. The research also highlights that many individuals over 55 act as financial support for their close circle, with 51% of them helping family members, especially their children. Despite this assistance, 51% claim they are able to save at the end of the month, a habit that has become increasingly common. The main reasons for saving include preparing for unforeseen events, seeking security, and intending to supplement their pensions. In terms of spending, the report identifies that the most significant areas are food and non-alcoholic beverages, along with costs associated with housing, water, and energy. It is anticipated that by 2025, these expenses will increase, which could pose an additional challenge to the financial stability of this demographic group. Homeownership is another key aspect cited in the study. An impressive 84% of seniors own their homes, and 69% of them have no mortgage burdens. This stability in homeownership translates into a sense of security, vital for their well-being. However, the research also reveals that 30% of seniors are open to residential alternatives such as 'coliving,' with even greater interest among those with higher education. Regarding the perception of age, the study notes that seniors feel society tends to "age" them prematurely. Although most consider a person to be old starting at 74 years, they feel this barrier is imposed at 67 years, highlighting a mismatch between social perception and self-perception of age. This perception is reinforced by the fact that 3.6 million people over 55 have experienced age discrimination, underscoring the need to address these biases in the workplace and society. The work life of seniors is another area of interest. Currently, only 15% wish to extend their careers beyond 65 years. However, 38% of those still active and 25% of retirees would like to combine work and pension, suggesting a desire to continue contributing to society while enjoying their retirement. Digitalization among those over 55 is also on the rise, according to the report. More seniors are integrating into the digital world, with a notable increase in internet use, especially among those over 74 years old. Seventy-six percent shop online, and 65% are active on social media, demonstrating that this generation is breaking stereotypes associated with age and technology. Finally, the lifestyle habits of seniors show that they are taking better care of their health and well-being. Eighty percent are concerned about their diet, 59% maintain a proper sleep schedule, and 58% engage in regular physical exercise. Moreover, more than half undergo preventive medical check-ups, reinforcing their commitment to a healthy lifestyle. In conclusion, the Mapfre Foundation's study highlights the importance of individuals over 55 years old in the Spanish economy and society. As this generation continues to contribute actively, it is essential for society to recognize their value and promote a more positive and realistic view of aging.