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The graying of America could be your golden opportunity to invest in stocks.
Many publicly traded companies stand to gain by providing technologies, services, products and health care to our aging population. Statistics suggest why:
- About 10,000 Americans turn 65 each day.
- About 15 percent of Americans (almost 1 in 6) already are there, the Census Bureau estimates.
- By 2030, 1 in 5 Americans will be 65 or older.
- The CDC says women at age 65 today have a life expectancy of 20.6 more years; men, 18.1.
Many in this demographic might have been slow adopters of digital devices. But, now they’re tech-savvy, marketers say. They’ll likely stay in their homes longer with electronic helpers like Amazon’s Alexa and Google Home, ordering in groceries and products.
When they do need help and companionship, there are health care services, home care assistants and skilled nursing and assisted-living communities that are ready to jump in.
There’s no payoff guarantee, but here are 12 companies with potential for big gains from our silver economy.