EverSafe Presents at Boomer Summit
FINANCIAL CAREGIVING IN THE LONGEVITY ECONOMY
At this year’s 15th Annual What’s Next Boomer Business Summit in San Francisco, hosted by Mary Furlong and Associates (MFA), EverSafe CEO Howard Tischler presented on a panel alongside well-known journalist Kerry Hannon, Susan Weinstock, Vice President of Financial Resiliency Programming at AARP, and Surya Kolluri the Managing Director at Bank of America/Merrill Lynch. Mr. Tischler relayed his personal experience involving his mother after learning that she had been exploited, which inspired him to develop the EverSafe platform. He emphasized the need for family members to understand that an individual’s ability to manage their finances starts to decline, on average, at age 53.
Ms. Weinstock shared that 1 out of 6 American employees currently provides some level of care to a family member or friend. The growing longevity marketplace was highlighted by Mr. Kolluri who noted that consumer spending by those over the age of 60 across the globe will reach $15 trillion annually by the year 2020. In fact, Merrill Lynch now offers a longevity investment option for its clients and offers its financial advising staff a longevity training certificatefrom the University of Southern California Leonard Davis School of Gerontology.
On June 20-21, MFA will continue this dialogue on the growing importance of the longevity economy when they host the Silicon Valley Boomer Venture Summit at the Claremont Hotel in Berkeley, California.