Fashion Gets Midlife Women. Advertising Doesn't.
Despite controlling $19 trillion in wealth, women over 45 appear in less than 2% of ads. Here's why advertising's creative leadership is structurally incapable of reaching its richest audience.
Culture is having a moment with older women. At the 2026 Golden Globes, five of six nominees for Best Actress in TV Drama were over 40. The May 2026 Vogue cover features Meryl Streep and Anna Wintour, photographed by Annie Leibovitz. Pamela Anderson has now completed her second consecutive awards circuit on her own terms, entirely make-up free.
Advertising, meanwhile, is still largely treating midlife women as a problem to be managed.
The gap is not just cultural. It is commercial. It is structural. And it is getting harder to excuse.
The Numbers Don't Lie, But Ads Do
Start with the economics. Women over 45 buy 50% of everything and control 95% of household purchase decisions, according to research from The Behaviours Agency. Women aged 50 and older carry a combined net worth of US$19 trillion, with 870 million people aged 50 to 70 responsible for US$7 trillion in annual spending, per AARP data. By 2028, women will control 75% of discretionary spending globally.
Now look at how advertising responds. Older women featured in less than 2% of all ads in 2023. Only 20% of people surveyed feel older women are portrayed positively in advertising, compared to 63% for younger women. A staggering 94% of women aged 45 to 54 say they do not feel represented in advertising at all.
72% of total wealth is held by people over 55. Only 3% of that group say they feel seen by brands. That is one of the largest mismatches between money and marketing in the industry's history.
A Craft Problem, Not a Diversity Problem
Marketing Week's analysis captures the issue precisely: "Advertising's creative leadership is too young and too male to authentically reach the audience with the most money."

The data backs it up. The average age of a creative director in advertising is just 28, and only 11 to 12% of creative directors are women. The over-50s represent just 6% of the advertising industry workforce, even though they make up 32% of the UK working population. What this means in practice is that briefs for campaigns targeting one of the world's wealthiest consumer segments are routinely written by people who have never lived the life stage they are depicting.
This is not a diversity argument. It is a craft argument. A brief writer who has no lived sense of what it means to be a woman at 50 will produce work that represents her, but does not recognize her. Those are very different things.
What Fashion Got Right
Fashion houses found a way around this problem, because they are structured differently. Miuccia Prada, Simone Rocha, and the female-dominated styling and casting teams at major houses did not set out to make a statement about older women. They just cast the people they found interesting.
When Loewe shot Maggie Smith, then 88, for its Spring/Summer 2024 campaign alongside Dakota Fanning, Greta Lee, and Josh O'Connor, photographed by Juergen Teller, it did not announce a diversity initiative. Smith was simply part of an eclectic, multi-generational cast. Loewe pieces sold out across all age groups. The lesson: integration without explanation beats tokenism with fanfare.
At London Fashion Week Fall 2026, Lesley Manville, 69, walked for Burberry, while Fiona Shaw, 67, appeared for Simone Rocha. Neither was framed as a moment. Neither needed to be.
As Marketing Week puts it: "Older women don't want to be celebrated despite their age. They want to be seen because of who they are."
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Where Mainstream Advertising Still Blinks
The M&S "Love That" campaign, launched in March 2026, shows how close mainstream advertising can get and still miss. Gillian Anderson was appointed as the brand's Chief Compliments Officer, anchoring a campaign built around the universal female exchange: "Love that, where's it from?" The strategic insight was sharp. The casting was right. Anderson herself said the role resonated because she dresses "in a way that feels honest to who I am," and receiving a compliment on that means something.
But the execution defaulted to warmth over depth. Anderson dispensing cheerful compliments, the joke thinning by the third repetition. Charming, but it played safe at the moment it could have played for real resonance. That M&S reached 89% of Spring Style shoppers with this campaign makes the missed opportunity sharper, not softer.
The contrast with fashion is instructive. Fashion did not blink. Advertising did.
Trinny London offers the sharpest counter-example. Founded by Trinny Woodall at 50 in 2017, the brand was built entirely around what she called the "invisible woman," women over 35 that mainstream beauty brands had systematically ignored. By 2023, Trinny London had reached £55 million in annual revenue, growing to a US$250 million brand in seven years, with over one million customers. The market existed and was waiting. It took a midlife woman building her own brand to find it.
The Business Case Is Already Closed
Women are 200% more likely to buy a product advertised by someone who reflects their age, and 65% less likely when they do not. Yet less than 5 to 10% of marketing budgets are earmarked for 50-plus consumers. 91% of Boomer women say they feel ignored and misunderstood by marketers.

The industry has not missed this audience by accident. It has missed it by design, specifically by building creative departments that structurally exclude the people best equipped to speak to that audience. CreativeX data confirms the pattern holds across markets: representation failures are not isolated incidents but a systemic output of who controls production.
Culture has already moved. Film, TV, fashion, and even magazine publishing have figured out that women over 40 are not a niche. Advertising is catching up slowly, and mostly by accident. The brands that close the gap first will not just be representing these women. They will be recognizing them. That is where the commercial opportunity actually lives.
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