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Baby Boomers retiring? Not so fast… a new role may be had instead

 

In keeping with our Aging of the Population theme, for a growing percentage of the American population retirement, if they can afford it, is right around the corner. While many may plan to enjoy their “golden years,” for an increasing share of older Americans, they may have to embrace a different role –  unpaid care for the elderly. The subsequent shift in spending could be yet another headwind for the overall economy in the coming years.

 

The share of Americans age 65 and over providing unpaid eldercare increased to 19.1% in 2015-16 from 16.3% in 2011-12. The share also rose for Americans age 55 through 64, according to Labor Department figures released Wednesday.The rise in older Americans providing care for their own demographic fits in line with aging population trends, as care-giving for those age 65 and over is often provided by spouses, and baby boomers, those born between 1946 and 1963, are propelling growth in America’s elderly population.

Source: Baby Boomers’ New Job: Unpaid Care for the Elderly – Real Time Economics – WSJ

About the Author

Chris Versace, Chief Investment Officer
I'm the Chief Investment Officer of Tematica Research and editor of Tematica Investing newsletter. All of that capitalizes on my near 20 years in the investment industry, nearly all of it breaking down industries and recommending stocks. In that time, I've been ranked an All Star Analyst by Zacks Investment Research and my efforts in analyzing industries, companies and equities have been recognized by both Institutional Investor and Thomson Reuters’ StarMine Monitor. In my travels, I've covered cyclicals, tech and more, which gives me a different vantage point, one that uses not only an ecosystem or food chain perspective, but one that also examines demographics, economics, psychographics and more when formulating my investment views. The question I most often get is "Are you related to…."

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