The easiest class I took in college more than 40 years ago is turning out to be very valuable these days.
It was a sociology course on aging that I rarely attended. But I did read the textbook carefully,
And I’m glad I did. It helped prepare for recent events involving my in-laws and my dad.
We recently had to move my aging in-laws into an assisted living facility. Meanwhile my dad, age 87, wants to remain at home but needs regular care.
I’m bringing this all up because it’s part of a huge national trend. By 2030, 20% of the population will be seniors, nearly double the figure in 2009.
By 2024, this demographic will push the home healthcare market to $225 billion, up 125% from the 2016 level.
And today, I’m going to reveal a leader in this field whose stock could double in less than two years…
Every time I walk out of my apartment and walk past the mountain of packages left for residents in my building, I’m reminded of Amazon.com Inc. (NASDAQ: AMZN).
By now, everyone in the United States has heard of it. You see its packages and boxes in the recycling and delivery trucks with the large, unmistakable Amazon logo. It even has its own fleet of planes that you might see at the airport. Not just an e-commerce company, it also has a music service, the top video game streaming service, payments platform, an over-the-top entertainment platform, and one of the largest web services in the United States. This is how you create a trillion-dollar company.
According to Consumer Intelligence Research Partners, it has 112 million members in its Prime loyalty program as of December 2019. That is 34% of the U.S. population, and given that people sign up as families, eMarketer takes it one step further and suggests that 82% of households have a Prime account.
That is one truly amazing statistic.