Demographic Problems And Opportunities
It is easy to look at the gap between revenues and entitlement spending by the middle of this decade and see problems. Too many people above 65 and too few people paying taxes.
At Mauldin Economics, we think a lot about those problems, but we also look at some of the opportunities. The growing number of us of in our 70s and 80s will mean more health-care spending, more need for revolutionary new health-care products and services, and major opportunities to find and fund solutions to those problems.
My associate Patrick Cox covers the extraordinary biotechnologies under development, and he has introduced me to some of the most fascinating scientists in the sector. I talked with two medical researchers today. Both are optimistic about not just increasing our lifespans but prolonging our health spans. Others think we can someday reverse the aging process. I think it is highly likely a major medical journal will use the words “age reversal” within the next few years.
It’s hard to describe how fast this technology is progressing in not just the fight against aging, but against all diseases. I believe cancer will be defeated in the next decade. By the mid-2020s there will be therapies to at least slow down the aging process, and some could be called the “fountain of middle age.”
Those obviously have the potential to be great investment opportunities. But hundreds of lesser-known diseases and problems are going to get cures, too. I have been reviewing a new Parkinson’s disease therapy, not yet public, that shows great potential. I could go on for hours...
However it happens, we are entering a period unlike anything humanity has ever seen. Along with my publishing team, we have been dreaming about a new division that focuses not only on biotech and health-care investments but also on how to put the best research to work in your life, helping you live longer to enjoy your investments and the things they can buy.
To that end, we’re launching a new division called Health & Wealth Research. Led by Patrick Cox and senior health-care analyst Chris Wood, it will be a central source for information on healthy living, life extension technology, and related investment opportunities.
Dr. Mike Roizen from the Cleveland Clinic will be a major contributor with both tips on keeping your body healthy and information drawn from the depth of his research experience. I think he told me he has over 200 published papers on a wide variety of topics, not to mention 30 million books sold.
The Health & Wealth Research website is almost ready. Watch for an email from me with more information soon.