I write in response to a recent editorial, “Our View: Maine is one of the top ‘takers’ of federal help” (Dec. 7).
Although Maine might fall below the national average for median income, as pointed out in the editorial, it is worth noting that the cost of living is lower here as well. While there is certainly much to be gained from attracting younger residents to Maine, we should also be engaged in supporting the existing workforce and opportunities that have long attracted our older residents who have chosen to spend the rest of their lives here.
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Lori Parham is state director of AARP Maine.
The fact that the 50-plus population comprises half of all consumer spending means big opportunities for investment nationally. For those who recognize the power of this demographic, it represents a potential boon right here in Maine.
As the oldest state, Maine can embrace the upside to the longevity market, which can support productivity and economic growth, as well as overall prosperity. The 50-plus population dominates spending in the majority of consumer packaged-goods segments and all health care categories. New industries are starting up, such as aging-in-place technology and telemedicine.
People aged 55 to 64 are the largest growing age group of entrepreneurs in the country. This is important to Maine, given our state’s reliance on small-business enterprise. Smart Maine businesses will recognize and capitalize upon the opportunity to leverage older workers to mentor a younger workforce.
For boomers, it is about living, not aging. This generation has the desire to continue growing, learning and discovering right here in Maine.
Their desire to build a healthy and prosperous future, to be open-minded, learn new things and embrace change, all offer significant opportunities for Maine’s economy. It is imperative that we examine the bigger picture when discussing these issues.
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