In case you didn’t notice, the world is growing older by the day. The United States and other developed nations will see their populations age significantly over the coming decades. This will serve as a major catalyst to the healthcare sector, which has already been one of the strongest areas of the market in recent years. Investors seeking out a long-term position for this trend may want to consider one of Berkshire Hathaway’s (NYSE:BRKA)(NYSE:BRKB) least-discussed holdings.
The baby boomers are fueling the changing demographics in America. In 2012, there were 22 people age 65 and older for every 100 working-age people in the country. In 2030, there will be 35 people age 65 and older for every 100 working-age people, according to a recent analysis from the Census Bureau. After 2030, the number continues to increase slightly to 36 people by 2050 — when the nation’s 65 and older crowd is projected to reach almost 84 million, double its size from 2012.
“The United States is projected to age significantly over this period, with 20 percent of its population age 65 and over by 2030,” said Jennifer Ortman, chief of the Census Bureau’s Population Projections Branch, in a press statement. “Changes in the age structure of the U.S. population will have implications for healthcare services and providers, national and local policymakers, and businesses seeking to anticipate the influence that this population may have on their services, family structure, and the American landscape.”