Today In Data: AARP’s Report On Seniors’ FinTech Contributions

By PYMNTS | April 21, 2017

The FinTech industry is set to see a major boom in funds over the next five years from those in the 50+ age range.

Through the AARP‘s latest research, it was found that seniors are increasingly using digital tools to help manage finances.

Here are the numbers:

$83 billion | Amount of money expected over the next five years from citizens aged 50+

35 percent | Total percentage of 50+ aged people in the U.S. population

50 percent | Percentage of national asset investments controlled by 50+ age group

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$4.3 trillion | Amount 50+ age group is estimated to lose by 2021 due to career setbacks

$1.3 trillion | Amount 50+ age group is estimated to lose by 2021 due to student debt

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