Over 10,000 people a day start turning 65 this year…

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I was talking on the phone to a friend of mine today (he is 70+ years young and still working every day as a real estate broker/investor) and was stupefied by a statistic that he shared with me: over 10,000 people a day will be turning 65 staring in 2011.

Even more staggering is the fact that this wave of humanity will be turning 65 every day for the next 20 years! There are close to 80 million Baby Boomers that will live longer, work longer and be healthier than previous generations.

What have you done to prepare your business for this wave of consumers with dramatically different needs than their parents? I took a big step twenty years ago when I moved from my hometown of Buffalo, NY to Florida. I firmly believe that the Florida sun, beaches, year-round outdoor activities, great international airports, low taxes and low cost of living will continue to pull new residents to the Sunshine State.

Read the original article in the Denver Post.

One thought on “Over 10,000 people a day start turning 65 this year…”

  1. David, Great article. This is an interesting point, one that we have built our real estate investment model after. According to a 2008 Mckinsey Global Institute report, baby boomers represent the wealthiest generation in the U.S., with an estimated annual spending power of more than $3.5 trillion. And now, they much more time to spend the money on themselves and their families in resort markets.

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