Financial Stability
April 23, 2022

Highlights from the 2022 American Society on Aging Conference

Highlights from the 2022 American Society on Aging Conference
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The American Society on Aging 2022 conference, held in New Orleans, marked one of the first major in-person events for the aging community since the pandemic. With a theme centered on Advancing Economic Security, the event featured a variety of keynote speakers, sessions, and workshops focused on five key thematic areas: Justice & Equity, Innovation & Social Impact, Health & Well-Being, Economic Security, and Ageism & Culture. The conference, which ran from April 11th to 14th, hosted over 369 sessions and a pavilion full of organizations dedicated to improving the aging experience.

Older Workers and Economic Contributions

A significant portion of the conference addressed the role of older workers in the economy. With millions of retirees between the ages of 55 and 70 still seeking employment, there is a growing opportunity to integrate this demographic into the workforce. The session Advancing Economic Security through Reskilling and Upskilling Older Workers featured insights from experts like Sheri Rose of Thrive, Kerry Hannon from Yahoo, and Lawrence Kosick and Judy Stelling of GetSetUp.

Greg Olsen, Director of the NY State Office for the Aging, emphasized the economic importance of older workers in New York, noting that "state and local data show that you don't have an economy without older adults." He highlighted that 80% of NYS Retirement System payouts stay within the state, contributing $10.6 billion annually.

Kosick and Stelling further demonstrated that older workers bring valuable experience and skills while also being capable of mastering new technologies. Stelling, who leads a team of over 30 individuals aged 50+, emphasized the importance of upskilling, peer-to-peer learning, and fostering a supportive community for older workers.

Equity for Aging in Place

As people live longer and healthier lives, many prefer to age in place rather than move to senior living communities, which are often expensive. The conference highlighted technological innovations that are helping to create equity and reduce the burden of caregiving, allowing more older adults to stay in their homes.

Ginna Baik from Amazon discussed the role of voice technology in supporting older adults, emphasizing how devices like Alexa can enhance safety and well-being by providing reminders for medication, appointments, and opportunities for virtual socialization. Other sessions, like Design Thinking and Aging, explored trends in technology that are shaping the future for older adults, including health tech, smart homes, and robotics.

The Economics of Caregiving

Caregiving was another critical topic at the conference, with discussions on how caregiving impacts both employees and the economy. The session The Economic Aspects of Family Caregiving featured insights from Richard Eisenberg, Amy Goyer from AARP, and Jason Resendez from UsAgainstAlzheimer’s. They highlighted the need for policy changes to support caregivers, who make up at least 30% of the workforce across all age groups.

Debbie Howard and Jon Brody from Corporate Caregiver Camps provided practical strategies for companies to support employee caregivers, including establishing KPIs to track caregiving costs, repurposing existing programs to meet caregivers' needs, and fostering a caregiver-friendly workplace through Employee Resource Groups (ERGs).

Advancing Economic Security for Older Adults

With over 369 sessions, the ASA conference covered numerous areas critical to improving the aging experience. These insights on advancing economic security, reskilling older workers, and supporting caregivers are just a few of the key takeaways that organizations should consider integrating into their efforts to support older adults.