Direct spending on consumer goods and services, including health care, by 50-pluses totaled $5.6 trillion in 2015. (Photo: Getty)

They may be written off in the job market and even by Hollywood, but don’t sell older generations short; AARP says they’re not only redefining aging, but having an effect on the economy that goes beyond sheer numbers.

The study “The Longevity Economy: How People Over 50 are Driving Economic and Social Value in the U.S.,” commissioned by AARP in conjunction with Oxford Economics, found that 50-plus folks staying in the workplace are “redefining aging” as well as contributing an increasing amount to the economy. In 2015, that group was responsible for $7.6 trillion in economic activity — up from $7.1 trillion in 2012 — and that economic contribution will continue to rise.

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