themselves and everything that entails
this post was submitted on 16 Nov 2023
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Maybe you would have a better shot at thinking what they have but cannot give away. There are lots of boomers, with small businesses who are about to go into retirement. But they cannot hand over their business to their children cause they do something else or they don't have any and the businesses are too small to run without them.
Feeding tube slurry soon enough.
TRAVEL - serious bucket list race against the clock for the last 10yrs or so
In all honesty OP one industry that will always have work is the funeral business. That is not a job for just anyone.
My mom is 84 she spends her money on groceries, cable, internet, cell phone, gym membership, fabric, yarn, plants, gardening, and vitamins. The women is a machine and looks 20 years younger than her age.
Liquor, car payments, timeshares, overpriced cable packages, John Deere lawn mowers, mortgage payments, chain restaurants, overpriced cell phone insurance plans, credit card bills, sending their kids a few dollars here and there, college debt payments
Whatever we want.
Casinos
Health care
Not dying.
Millennial Tears.
Several entrepreneurs I know are getting into the elderly care business. That shit is lucrative.
Healthcare
My parents: Travel, home renovations, golf, and real estate.
The most low effort due diligence
Funerals
Medical care. Can't go wrong investing in medical supplies, drugs, medical services.
A live in aid for his wife.
My mom is very very sick
Car payments, RV payment, tractor, ect
My dad bought five drop-shipped back scratchers because of a banner ad in Words with Friends. In his defense he only ordered two but they sent him five. What a steal for only $50 for some Chinese plastic garbage!
My Medicine and health insurance premiums and deductibles and $5000 “out of pocket.”
Healthcare is where it will flow.
Medicine Alcohol Travel
Estate planning
Casinos
Sell 2000 dollar quilts, that’s where grandma at
Nothing the majority hoard it in secrete
Single pension, no social security, no investments, homeowner:
Mortgage, HELOC, hearing aids, church contributions(despite most not being tax deductible anymore because of the high standard deduction and low mortgage interest), eating out at restaurants, new roof, vehicle maintenance & repair, dental work, prescriptions, Christmas presents, Christian books, cable tv/internet, new windows, yarn, fabric.
Health and wellness
Healthcare
Speaking only for myself - I just retired in June and I’m (we’re as I’m still happily married) spending serious coin on home repairs (lots of deferred maintenance, foundation work, new HVAC, electrical updates) probably 100 to 150k by the time it’s done.
After house is buttoned up we’d like to travel. Maybe buy an EV (but a simple used in good condition).
Cheap houses lol