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!
