Pure Genius – Your Health is Going Boast Your Need for Higher Returns
In 2016 we were introduced to a new TV series, Pure Genius starring Dermot Mulroney as a doctor and Augustus Prew, as a billionaire computer whiz kid who takes his billions to create a revolutionary hospital based on the rapid advances in technology and medical science.
Even though Pure Genius did not survive the rating wars and got canceled, I wish more people had watched the show. With medical science and technology sustaining humankind’s ability to live longer we as a society are not keeping up with the resources required to handle a much older community.
Currently, in North America, there are more than 100,000 people 100 years of age or older, and this number is projected to increase more than tenfold to over a million between 2040 and 2050. Per Ray Kurzweil, a public advocate for the futurist and transhumanist movements, who gives public talks on the optimistic outlook on life extensions technologies and future of nanotechnology, robotics, and biotechnology. This number of a million understated because of the rapid advances in technology interwoven with medical science.
Many Boomers are healthier than their parents and are living proof their longevity might take a real leap forward. Living to and past 100 and staying healthy will not be unusual for many Boomers. The financial consequences to Boomers, Generation Xers, and Millenials and their countries infrastructure is going to create more significant economic pressure than ever.
Driving Our Future
Sheryl Connelly serves as the resident “futurist” at Ford Motor Company in Dearborn, Michigan. She not only references a person turning 55 every 7 seconds, but she also talks about having to relinquish your driver’s license at 80, when your life expectancy is at least 85. So, if your life expectancy is 105, what does this mean? Car manufacturers are paying attention to life expectancy rates; are you?
Wake Up Call – Boomers, Generation Xers and Millenials
All government levels ( municipal, state/provincial and federal), the banking industry, investment brokers, housing developers and many other professionals are still treating the age of 65 the same way they did for Boomers’ parents. This thinking is not sustainable for our economy, and all generations need a wake-up call, as do many of the industries servicing Boomers. Generation Xers and Millenials will be the recipient of many technological advances driven by Boomers, these generations will benefit immensely and a life expectancy well over a century is going to be commonplace, not science fiction.
Economic Recovery – Anyone Can Be An Economist
All indications are the economic recovery for most of the world continues to improve. The American economy is a bright spot in the global economy, but the recent presidential election of Donald Trump has raised the specter of protectionism. We don’t know the impact to the recovery for the rest of the world if Trump puts all of his wishlists through.
Oil prices continue to see-saw back and forth with recovery uncertain because new technology is allowing the United States to find more oil within their borders.
Should Donald Trump deliver on his promise of more American jobs and many of these positions will be higher paying union jobs. With higher deposable income will come an opportunity for investment real estate to be part of Boomers, Generation Xers and Millenial’s financial foundation in the United States. I would encourage Americans to get ahead of the economic recovery curve and look at how you can capitalize on excellent investment real estate pricing.
Yes, Boomers, I am encouraging you to realize you are going to live longer than your folks and the time to purchase investment real estate should not be lost on you.
What’s the real challenge purchasing investment real estate for you?