Panel
Pivoting to Purpose: Defining the Next Chapter of Your Life (II)
Milken InstituteErrol Barnett, Marc Freedman, Sherry Lansing, Philip Pizzo, Lynda Resnick, Mike Shaw
Demographic Shifts and the "Longevity Revolution"
- South Korean women are projected to exceed a life expectancy of 90 within a decade.
- By mid-century, 40% to 50% of the populations in Japan, South Korea, Germany, Spain, and Italy will be over age 60.
- Half of all children born in the developed world since 2000 are expected to live to age 100.
- The traditional "education-then-work-then-leisure" life model is failing as life expectancy shifts from roughly 70 to 100 years.
- A 2019 study cited by Encore.org indicates 4.5 million people are currently in "encore careers," with 21 million more prioritizing such paths, representing a potential 250 million years of human capital.
Personal Pivots: From Corporate Success to Social Impact
- Sherry Lansing: Resigned from her role as a studio executive at age 59 to avoid turning 60 in that position, citing a loss of passion for the repetitive nature of the film industry.
- Linda Resnick: Transitioned from passive philanthropy (writing checks) to active leadership after an epiphany at an Aspen Institute dinner regarding the moral implications of child torture; she now directly manages the rebuilding of the town of Lost Hills, California.
- Linda Resnick's Impact: Her company now provides free primary healthcare to 12,000 employees and their families, touching the lives of 55,000 children in the Central Valley.
- Linda Resnick's Legal Experience: The FTC challenge regarding Pom Wonderful's health claims taught her to focus on her core strengths and delegate legal battles rather than fighting them personally.
- Sherry Lansing's New Mission: She helped launch a program to retrain math and science professionals nearing retirement to teach in underserved high school areas, challenging the demographic bias against older teachers.
Societal Barriers and the Fight Against Ageism
- Perception Shifts: Phil Pizzo notes that leaving the deanship at Stanford Medical School resulted in immediate social invisibility, illustrating the pervasive nature of ageism.
- Industry Bias: The entertainment industry begins discriminating against professionals as early as age 40, despite evidence that films featuring older actors (e.g., The Best Exotic Marigold Hotel) are commercially successful.
- Pay Inequity: Historically, women were denied raises based on marital status (e.g., the assumption that a married man with children needed more income than a single woman); this practice is now challenged by data and collective solidarity.
- Generational Data: A USC study of 2015–2016 Oscar-nominated Best Picture films found only 12% of characters were over 60, and 80% were men.
- Policy Evolution: Phil Pizzo attributes the current age narrative to 19th-century social constructs like Bismarck's 1883 pension laws and Roosevelt's Social Security, which no longer reflect modern life spans.
The Millennial Advantage and Cross-Generational Synergy
- Youth Outlook: Panelists describe the current generation of college students as "color blind" and "gender blind," lacking the competitive spirit regarding partner income that characterized previous generations.
- Service Orientation: There is a marked increase in young people seeking non-profit and service-oriented roles (e.g., Teach for America, Peace Corps) rather than purely careerist paths.
- Mentorship Value: Research cited by Mark Friedman indicates older adults who mentor young people are three times as likely to report high levels of happiness.
- Intergenerational Living: Pew Research data shows the highest levels of affection and co-residence between older and younger generations since the 1940s.
- Crisis Response: Younger generations are driving change on climate change and truth-seeking, contrasting with the silence observed in previous decades.
Advice for Longevity and Resilience
- Sherry Lansing's Formula: The secret to a fulfilled, long life consists of "genes, attitude, and gratitude."
- Philosophy of Purpose: Phil Pizzo identifies purpose, community, and holistic wellness as the three pillars required to navigate the "second half" of life.
- Linda Resnick's Journaling: She advises starting a journal earlier in life to gain perspective, realizing that current calamities often resolve into long-term success.
- Resilience Mindset: Panelists agree that failure is not an endpoint but a necessary component of success, urging against treating life events as "life or death" issues.
- Reframing Aging: Mark Friedman suggests replacing numerical age with "video game levels" in public discourse to foster respect and curiosity across generations.
Forward-Looking Statements and Future Trends
- Healthcare Innovation: Linda Resnick's organization is pivoting to use 15–16-year-old students as "soldiers of change" to combat the Central Valley's severe diabetes crisis (85 million prediabetics in the US).
- Corporate Inclusion: Ryan Murphy announced a commitment to casting 50% women in all productions, signaling a shift in hiring practices toward talent regardless of gender or age.
- Societal Restructuring: The panel anticipates a "new adolescence" for people aged 60–90, requiring new social institutions similar to the invention of high schools in the early 20th century.
- Economic Necessity: With populations in Japan and China projected to be over 40% over age 60, the "silver economy" will fundamentally reshape global markets and workforce structures within 14 years.
- Healthcare Costs: Sherry Lansing warns that a lack of purpose in later life leads to sickness, depression, and increased healthcare burdens, making social engagement a cost-saving public health imperative.