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