A significant demographic shift is on the horizon as 4.2 million Americans will turn 65 in 2025, prompting economic implications across various sectors. While many retirees are likely to seek financial services for retirement planning and wealth preservation, industries such as assisted living are positioned to flourish as the need for support in daily activities increases. Conversely, consumer spending is anticipated to decline as older adults typically manage their finances more conservatively compared to younger generations. This blend of opportunities and challenges showcases a transformative phase for the economy.
A tsunami of retirees will impact many industries.
Financial Services May Benefit.
The Assisted Living Industry Is Another Winner.
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