Assumptions challenged by changes in demography
This interesting article, entitled "How to be a demographic realist" notes that the vast changes in demographics that are to be upon us in the coming decades is likely to cause us to challenge many assumptions we make about saving, retirement, the role of the state and even the kinds of homes we live in. I thought it quite interesting to note that a home that is perfectly OK for a retired 65 year old may be an expensive albatross by the time someone is 20 or 30 years older and no longer able to drive or maintain a garden.
Think of this as an "early warning" to those of us with older parents. The time to move is clearly when you are still well and relatively healthy, not after you have to move. So is that an entreprenuerial opportunity lurking there?
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- Posted: Tuesday, May 18, 2010
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