"Those over 55 years old in Spain: Economic and social pillar of the country."

A recent study by the Mapfre Foundation has revealed that Spaniards aged 55 and older not only constitute a significant demographic group but also play a crucial role in the country's economy. This segment of the population, which represents 34% of the total and accounts for 25% of Spain's Gross Domestic Product (GDP), is responsible for 60% of national consumption. With 13.6 million people, those over 55 are not just an economic pillar but also a fundamental support in their families and communities. The report, presented this Tuesday, highlights that many of these individuals remain active in the labor market, contributing to their households with two or more sources of income. Despite the challenges they may face, 58% of respondents express satisfaction with their current financial situation, representing an 8% increase compared to last year. Furthermore, a notable 73% of participants maintain an optimistic outlook on their future. One of the most interesting revelations from the study is that more than half of those aged 55 and older provide financial assistance to their families, mostly to their children. Nevertheless, 51% of them manage to save by the end of the month. This savings is allocated for multiple purposes, including preparing for unforeseen circumstances, seeking financial security, and supplementing pensions. The report also notes that only 23% of this group is paying off loans or mortgages, reflecting remarkable financial stability. In terms of their consumption habits, those over 55 prioritize food and housing expenses, including water and energy, categories where a significant increase in spending is anticipated in the coming years. Regarding housing, a high percentage, 84%, own their homes, and 69% have no mortgage debt. This data suggests a solid asset base that enables them to better face economic challenges. However, the study also explores alternative housing options, such as 'co-living,' which 30% of respondents are open to, especially those with higher education. Despite this encouraging information, the report also highlights a feeling of age discrimination. According to the data, 3.6 million people aged 55 and older have experienced some form of discrimination, with a higher incidence among those aged 55 to 59. This perception of "premature aging" is a wake-up call regarding how older individuals are valued and perceived in today's society. In the workplace, only 15% of this group would consider extending their professional life beyond the age of 65; however, 38% of seniors still in the workforce and 25% of retirees would like to combine work and pension, suggesting a desire to continue contributing to the economy, albeit in a more flexible format. Digitalization is emerging as a positive aspect in the lives of those aged 55 and older. Increasingly, this group is connecting to the Internet and using social media, with a notable increase in daily technology use. The report indicates that 85% of them conduct banking transactions online, and 76% make purchases over the Internet, demonstrating a continuous adaptation to new times. Finally, the study also investigates the lifestyle habits of this age group. Sixty-one percent of respondents drive at least once a week, and the majority disagree with restrictions on their ability to drive due to their age. In terms of health, 80% pay attention to their diet, 59% respect their sleep hours, 58% engage in physical exercise, and 53% undergo preventive medical check-ups, reflecting a proactive interest in maintaining a good quality of life. In summary, individuals aged 55 and older in Spain are a valuable resource both economically and socially. Their adaptability and contribution to the well-being of their families and the national economy are aspects that deserve greater attention and recognition from society and institutions.