ABOUT THE SILVER HAIR TSUNAMI
Each day, more than 10,000 people are coming together to form a ‘Silver Hair Tsunami’® – a wave of retirees who will impact the economy with their changes in spending, investments, living situations and leisure activities.
It’s important to have an ensemble of expert advisers working together to get retirees the information they need to make sure their hard-earned money doesn’t fall through the cracks.
Baby Boomers are expected to increase the population of people over 65 years old to 40 percent over the next 20 years. That age group typically spends more money on health care, doctors and prescriptions. They also tend to travel to see relatives and check off items on their bucket lists. They may want to get those home improvement jobs completed in order to downsize or move into a transitional living situation.
In any case, the way those 65 and older spend their money is different than the younger age groups, and those making the transition will need assistance to make the right decisions for their situations.