Longevity Wealth Calculator
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The "Silver Tsunami" refers to a demographic shift where people are living significantly longer than previous generations, impacting everything from healthcare to retirement planning. Here's what you need to know:
Key Longevity Statistics
- Every decade adds 2-3 years to average lifespan
- In UK 1965: Most common age of death was first year of life
- In UK today: Most common age of death is 87
- Japanese newborn girls (2020 data):
- 99.6% chance of living to 20
- 99% chance of living to 40
- 96% chance of living to 60
Healthcare Impact
- US healthcare is 20% of GDP
- Medicare spends $50+ billion annually on dialysis
- Nursing projected growth:
- Fastest growing occupation 2022-2030
- Adding 275,000 jobs in US
- Japan nursing homes increased 50% in last decade
Financial Planning Implications
- Traditional retirement math becoming outdated
- Previously planned for ~10 years post-retirement
- Now need to plan for 20-30 years post-retirement
- Net worth calculations need adjustment
- 8% annual growth compounds significantly over extended lifespans
- Traditional retirement age of 65 may need reconsideration
- Need to account for extended healthcare costs
Business Opportunities
-
Assisted Living
- 31,000 facilities in US
- 80% are for-profit
- 50% of operators clearing 20%+ annual returns
- Average cost: $54,000/year
- Market growing faster than inflation
-
Menopause Market
- 6,000 women hit menopause daily in US
- 34 different symptoms to address
- Underserved market with few focused solutions
- Companies like Bonafide and Genov emerging
-
Japan's Housing Market Response
- 8 million+ "akiya" (empty houses) available
- Some offered for free or very cheap
- Result of aging population and social factors
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.