All my life, I've been an information junky. Before the Internet bloomed, I was subscribing to four daily newspapers. Now, I dink around daily to feed my need for nuggets.
This morning, I found some incredible reports on a Minneapolis TV station (I'm in Texas but spend time up there). Forgive my clunky approach in directing you there, I haven't yet learned how to link. Anyhow, search for kare11.com with your browser.
They've run a couple of amazing stories about the retirement wave which is about to wash over Minneapolis -- and the entire United States.
Forget real estate as a big time investment. Sure, there will always be hot spots in the market but most Americans will soon see their real estate holdings grow only around two percent. In the next ten years, there will be more retired people in Minneapolis than school children. That, coupled with slower rise in home values, spells trouble for funding the public school system up there.
Society is aging. The world is aging. And fast. For the first time in history, there will not be more people coming along behind us than in front. The retirement wave is going to be world-wide.
Makes me wonder whether the U. S. social infrastructure is ready. Probably not.
Are the medical schools training more doctors and nurses in geriatrics? Not enough.
Are the automobile manufacturers designing cars that are geezer-friendly? We need higher seats to facilitate entry/exit via aging hips. We need higher storage platforms for ease of getting grocery bags out of the car. And could somebody come up with something to corral those damned plastic bags that spill the oranges every time! And headlights. Would it be too much to ask for brighter lights to help with failing night vision?
The drug companies are going to become even richer. After all, we buy more prescriptions in the first five years -- and the last five years of life. Are any of the major drug manufacturers taking an active role in making sure we have enough doctors?
And what about AARP? That organization has the money, the muscle and the manpower to lean hard on all segements of society to get us ready for the retirement tsunami.
Thirty-five million AARP members. Heave!