The Latest Niche To Consider? Younger Generations Worried About Future Healthcare Costs

Tuesday, December 04, 2012 08:41
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The Latest Niche To Consider? Younger Generations Worried About Future Healthcare Costs

Tags: financial planning | new investors | niches

Younger generations noted in a Harris Interactive online survey that future healthcare costs are a primary concern, even at their young age.

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They are also concerned about cash flow after they start working. Rising tax rates and shifts in Medicare costs to patients in the future are weighing heavily on Gen-Ex and Echo/Millennial generation members.
 
They are skeptical of receiving any Social Security benefits and, unlike the Boomer generation before them, are beginning to prepare for their later years while they are young.
 
Working longer may or may not be an option for them but time is definitely on their side from a savings and investment perspective.
 
Healthcare is the single largest expense after age 65 and it is the only expense that increases with age.
 
Opportunities to help younger generations plan are also huge opportunities to grow our businesses, no matter what's going on with the economy.

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