The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
How to Cash In on the $16 Billion Genealogy Boom with AI Tools. HoldCo Bros discuss! Ep. #101
Dec 6, 2024
Explore the booming genealogy services market and its profitable potential amid an aging population. Discover innovative technologies that capture and preserve family stories, including AI and wearable devices. Learn about maximizing revenue in assisted living by offering additional services. The emotional power of storytelling is highlighted as a unique business opportunity. Additionally, find strategies for monetizing newsletters while balancing personal passion with entrepreneurship.
42:12
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Quick takeaways
- The aging population surge, termed the 'Silver Tsunami,' presents urgent business opportunities in innovative services catering to older adults and health care.
- The booming genealogy market, projected to reach $16 billion, highlights the increasing interest in preserving family histories through digital innovation and technology.
Deep dives
The Silver Tsunami and Its Implications
The aging population, referred to as the 'Silver Tsunami,' is projected to significantly increase, with the number of individuals over 65 set to double from 52 million today to 95 million by 2050. This demographic shift is exacerbated by rising cases of Alzheimer’s and dementia, expected to grow from 6 million to 13 million by the same year. Already, the dependency ratio is concerning, with 52 dependents for every 100 working individuals, which will rise to 77 dependents per 100 workers. This trend highlights the urgent need for innovative services catered to older adults, offering numerous business opportunities in sectors like health and social care.
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