Aging "gray tsunami": challenge or opportunity

The world's growing elderly population is starting to get a lot of attention.  As usual, there are several ways to look at this looming gray tsunami. The demographics are typically framed as "a challenge". I prefer to think of this as an opportunity.

Glass half empty or half full?

Challenge:

Large and growing population of elderly people. Fewer young people to take care of them. Less and less spare money in the wealthy world economies to pay for aging services. Predictions of shortages of doctors, nurses, and caregivers.

Opportunity:

Affluent baby boomers want it all, and have lots of assets. With powerful computers in everyone's pockets (smart phones and tablets), low cost, pervasive networking and communication, and rapid advances in fields like robotics, there should be huge opportunities for technology to do what people cannot or will not do anymore, and transform the lives of these young-at-heart boomers.

Thoughts?

[This post modified and reprinted with permission from SciencetoProfits blog by Richard Caro.]

Comments, Questions, Discussion

Thing(s): 
Key words: 
gray tsunami

Written by: Richard Caro. Posted: Thu, 07/18/2013 - 16:31. 

Featured Research

 

Medical Alert Systems: Help

Medical Alert Systems GuideWe kept getting asked "which medical alert system is best?"; and "how do I choose the right medical alert system for me?". This independent, objective, hands-on research tries to answer those questions. If you are looking for a medical alert system, either for yourself or for an older adult such as a parent, this piece of research is for you.

Choose the Right Medical Alert System for YOU

 

Useful Apps Club

Useful Apps ClubUnlock the potential of your smartphone or tablet to improve your life. The Useful Apps Club is for older adults and Boomers who have a smartphone or tablet (or are thinking of getting one) and need help to turn it into a useful tool. We are focused on finding Apps that can change your life, and teaching you how to use them. 

View: The Useful Apps Club

 

Reduce Fall Risk

Avoid FallsRead the "best of the web" on: Avoiding Falling. Our team of clinicians and citizen analysts has scoured the web for the best available answers to a set of questions designed to help you make falling less likely, and make the consequences if you do fall less bad.

View: Avoid the Perils of Falling

 

Guide: Home Sensor Systems

Home Sensor SystemsRead our report on this new category of products, designed to help seniors stay at home longer, and to help their families worry about them less. There are important lessons to be learned about which ones work, and for which types of circumstance they are optimal.

View: Home Sensor System Guide

 

Explore our Content

Signup for newsletter

Get more content like this by (monthly) email.