Here are some of the biggest business opportunities associated with the future of aging.
Thanks to daily advances in healthcare technology, people are living longer and longer. As a nation, we’re nearing a historic first: It is predicted by the year 2034 that there will be more people over the age of 65 than people under the age of 18.
A larger senior population also means an associated rise in cost of care needed to sustain quality of life for more and more citizens as they continue towards their golden years. It’s a wonderful development, but it necessitates change, and entrepreneurs are the perfect people to lead the charge.
The strain of cost will be felt not only on a global level, but most directly on a family level. The average cost of simply maintaining a worthwhile existence for the aging population is staggering. Just consider these averages: