Since beginning my career, I have heard about the graying of America. Now I’m a part of it.
This huge consumer group has many franchises catering to it. Did you know
11,000 people a day turn 65 in America
75 million Americans are over age sixty (60)
People who reached age 65 in 2019 are expected to live another 20 years
By 2040 (only 17 yrs away) over 20% of the US population will be aged 65+
Most older adults wish to remain in their homes and “age in place.” This creates a lot of business opportunity!
Regular cleaning, maintenance, and repair services are thriving.
Pet care services are increasing for sitting, walking, grooming, pet waste removal, doggie daycare, and all things pets.
Helping older folks downsize are moving companies, estate sales, and junk removal services.
Providing in-home skilled and non-skilled care continues to have unmet demand.
Check out this Franchise Alert to learn about more potentially lucrative businesses in this space.
Want a more in-depth analysis of this fascinating demographic? Read this Profile on Older Americans.
Join us today and each Wednesday at 11:30 a.m. Eastern for the Franchise Minute. Thanks!
