Anavex Life Sciences Corp (AVXL)

[Franz1969]

"Silver Tsunami"

The aging workforce (controversially referred to as The Silver Tsunami)[1] refers to the rise in the median age of the United States workforce, to levels unseen since the passage of the Social Security Act of 1935. It is projected that by the year 2020, about 25% of the U.S. workforce will be composed of older workers (ages 55 and over).[2] While many factors contribute to the aging workforce, the Post-World War II baby boom created an unusually large birth cohort for the U.S. population, resulting in a large aging population today. This phenomena has many short-term and long-term implications, affecting many areas, including the U.S. economy, society and public health.

With larger numbers of older adults, there will be an increased need for geriatric care. Older adults will have to deal with more chronic diseases; older adults who have worked in the construction industry have shown high rates of chronic diseases.[14][18] Experts suggest that the number of geriatricians will have to triple to meet the demands of the rising elderly.[9] There is expected be a similarly increased demand in other healthcare professionals, such as nurses, physical therapists and dentists.[9] In addition, there is expected to be an increasing demand over common geriatric care consumption needs, such as medications, joint replacements and cardiovascular operations.[9]

https://en.wikipedia.org/wiki/Aging_in_the_American_workforce#Health_care