Ageing population

[d101]

Which sectors/areas of the economy are likely to become more important as Australia ages (beyond healthcare)?

 

[bigheadache]

off the top of my head

Retirement accomodation and nursing homes
Financial services (bigger pot of super to go round)

 

[sydboy007]

Maybe the business that support the grey nomads roaming around Australia.

Could be the higher end caravan / campervan companies are benefiting from the extra leisure time.

I think the building industry will go through a form of adjustment. The boomer cohort is HUGE, so as they change preferences for housing the companies that are able to supply what the boomers want will win out.

Possibly domestic service companies might start to grow too. I think by 2030 ish we will have nearly double the currently level of over 65s. A lot of them will want to stay in their own homes for as long as they can, but will need help with day to day chores as they get older, so companies that provide cleaning services or help getting dressed and getting out and about may have good growth potential.

 

[medicowallet]

Which sectors/areas of the economy are likely to become more important as Australia ages (beyond healthcare)?

Things that HCW invest in.... Perhaps Lexus?

I also heard it on the grapevine that mothballs could be on the up and up.

MW

 

[pixel]

Home security systems - given how "easy targets" the elderly are becoming for home invaders.
Retirement Homes with fully-serviced apartments and strata setup.
Builders specialising in granny flat extensions.
Guided Tour Operators, Cruise Ship Operators.
Scooters (I keep a holding in VMT)

But I'm sceptical about domestic services - there's probably not enough incentive for an able-bodied Gen-Y to do a good-enough job that pleases a grumpy old man or woman.

 

[johenmo]

But I'm sceptical about domestic services - there's probably not enough incentive for an able-bodied Gen-Y to do a good-enough job that pleases a grumpy old man or woman.

Work for the dole? would have to be thought through and I wonder how many would fail a police check?

 

[Julia]

Work for the dole? would have to be thought through and I wonder how many would fail a police check?

Do you mean for unemployed on work for the dole programs to be deployed to help the elderly in their homes? I can think of many reasons why this is an awful suggestion.

 

[johenmo]

Do you mean for unemployed on work for the dole programs to be deployed to help the elderly in their homes? I can think of many reasons why this is an awful suggestion.

I do. And I don't think it would work in their homes. Maybe outside the homes - gardens etc - but I expect the cost to supervise etc would be too much. Scrub this idea!!

 

[sydboy007]

I do. And I don't think it would work in their homes. Maybe outside the homes - gardens etc - but I expect the cost to supervise etc would be too much. Scrub this idea!!

We'd be better off finding the ones who have some get up and go and subsidising them through TAFE. With most of the states increasing the cost of TAFE I really don't know where the next generation of tradies is going to come from.

I know it's orthodox theory these days fro Governments to get out of running business, but the old state and federal run companies like Telecom and the utlities used to churn out the apprentices. They'd hang around in the public sector for a while and then a good proportion of them would head out into the private sector.

These days the private sector moans about the skills shortages in many industries, but they'd all much rather bid up the price of the small talent pool available than actually put the effort into increasing the skilled workforce.

 

[burglar]

Do you mean for unemployed on work for the dole programs to be deployed to help the elderly in their homes? I can think of many reasons why this is an awful suggestion.

It already happens!
Not deployed, as such, but volunteers with "authorized organisations"
such as Meals on Wheels and Council programs.

A police check means nothing!
For a start you can pass a police check by never having been caught.
You can pass a police check by being good ... until the opportune moment.

Furthermore, a paedophile could get a position in a school,
despite not passing a police check!

Happened recently in a western suburbs school in sedate South Australia!

 

[Bill M]

Definitely over 50's housing in secure communities. By that I mean smaller houses in well manged resorts that do not have kids running around all day. Quiet affordable accommodation that isn't over populated by those that are incapacitated already. Believe it or not there isn't that much of that style around.

 

[Country Lad]

Definitely over 50's housing in secure communities.

A look at INA may be worthwhile.

Cheers
Country Lad

 

[LockNLoad]

Here is an article on ageing population and an investment idea:

http://www.prospective-investments.com/how-to-play-one-of-the-biggest-global-trends/

 

[noirua]

Spicy Foods​

Some like it hot … and some can’t take the heat. Spicy food makes your blood vessels swell and even break, leading to purple marks on your face. If you have rosacea -- common in women after menopause -- the heat from spice can trigger a flare-up. It also raises your body temperature, so you sweat to cool back down. When sweat mixes with the bacteria on your skin, it can cause breakouts and blotches.

These Foods Make You Look Older

Your skin is the largest organ in your body, and everything you eat affects it. These foods do more harm than good and add years to your body inside and out.

www.webmd.com

 

[Dona Ferentes]

A look at INA may be worthwhile.

and so it came to pass.

XAO , with INA and LIC , over 10 years

 

[Dona Ferentes]

Population and ageing, unlike climate, has some decided advantages when it comes to forecasting. While it is feasible for pandemics, natural or man-made disasters to significantly reduce global population, fertility and the ageing process mean it is virtually impossible to get massive surprises in the other direction. There is not much we can do in terms of augmenting the working age population for the next few decades. The cake is already baked. Life expectancy, the factor which can provide the surprise when it comes to growing the global population, may not be such a good one economically if it eventuates, given the already daunting challenges in supporting an ageing population.



Source: United Nations – Population Division 2022

Population trajectory and its ramifications still seem .. to be relatively ignored factors when it comes to the reliance of western economies on real estate prices, consumption and ongoing credit growth. Japan provides some salutory lessons when it comes to managing an economy in which incremental borrowing comes almost solely from an insolvent government and real estate is no longer a bank sponsored Ponzi scheme. Europe is heading down the same path. This doesn’t necessarily mean declining living standards and doom and gloom. It does mean economic and business models need to change. Extrapolating economic growth rates, expecting ever-rising property prices and not anticipating significant changes in consumption patterns seems unwise.

 

[sptrawler]

Still a great post nearly 10 years on.

We'd be better off finding the ones who have some get up and go and subsidising them through TAFE. With most of the states increasing the cost of TAFE I really don't know where the next generation of tradies is going to come from.

I know it's orthodox theory these days fro Governments to get out of running business, but the old state and federal run companies like Telecom and the utlities used to churn out the apprentices. They'd hang around in the public sector for a while and then a good proportion of them would head out into the private sector.

These days the private sector moans about the skills shortages in many industries, but they'd all much rather bid up the price of the small talent pool available than actually put the effort into increasing the skilled workforce.

 

[Garpal Gumnut]

Just while we are on the subject of an ageing population has anyone looked at the best way to live one's life so that one does not end up :

• Disabled from a stroke in a Nursing Home being called "dear" or it's linguistic equivalent by one's carers.
• End up in a Nursing Home anyways being called ...
• Having to go in to one of those awful retirement villages full of mens shedders and busybodies.
• Developing some other godawful disease that makes one's life a misery before dying in pain or distress.

My preference would be to die from a massive unannounced heart attack or stroke, a bullet from an attacker coming from behind or some other painless untoward event.

It appears that the doctors spend much time keeping mens shedders and busybodies alive but don't cater much for such as I who very much enjoy life and care not a cent for when I go, but do about how I go.

The Euthanasia Legislation just caters for those with advanced miserable diseases.

The medical and pharmaceutical industry should take much of the blame for the ageing unhappy population, keeping people alive beyond when they would wish to, and are in many ways to blame for all these retirement complexes, nursing homes and the skewed demographic graphs.

gg

 

[divs4ever]

Just while we are on the subject of an ageing population has anyone looked at the best way to live one's life so that one does not end up :

• Disabled from a stroke in a Nursing Home being called "dear" or it's linguistic equivalent by one's carers.
• End up in a Nursing Home anyways being called ...
• Having to go in to one of those awful retirement villages full of mens shedders and busybodies.
• Developing some other godawful disease that makes one's life a misery before dying in pain or distress.

My preference would be to die from a massive unannounced heart attack or stroke, a bullet from an attacker coming from behind or some other painless untoward event.

It appears that the doctors spend much time keeping mens shedders and busybodies alive but don't cater much for such as I who very much enjoy life and care not a cent for when I go, but do about how I go.

The Euthanasia Legislation just caters for those with advanced miserable diseases.

The medical and pharmaceutical industry should take much of the blame for the ageing unhappy population, keeping people alive beyond when they would wish to, and are in many ways to blame for all these retirement complexes, nursing homes and the skewed demographic graphs.

gg

i intend to be a pain in the neck for as longs as possible , just to irritate the Davos and Bilderberg party-goers (and my carbon foot-print is much smaller than theirs )

the doctors have been ( wrongly ) predicting my demise for over 68 years

i have heard the rumour that the good die young and i normally reply that i might be truly immortal ( having notionally torn up 13 lives , not counting the two clowns who deliberately fired in my direction )

the current world is getting far too amusing to check out , now ( IMO ) ( and laughter IS the best medicine )

watch the 'high and mighty' get betrayed by their own ( wink )

 

[Gringotts Bank]

Which sectors/areas of the economy are likely to become more important as Australia ages (beyond healthcare)?

Robotics and AI. There will be a lot of old people and a much smaller working age demographic to look after them. Picture a C3PO type of character who cleans up, serves meals and prepares medications. He works 24/7 without complaint, doesn't abuse the oldies when no one's looking, and all he wants in return is a recharge every so often. He costs a couple of mill, but with all things considered, he's a much better option than a human.