You're getting older! There I said it! Sorry to be the bearer of bad news but it's a fact we must all face up to – sooner or later at least…
Of course, the aging process brings with it the need to plan for and fund your retirement, and for most Australians superannuation is a big part of that plan.
In fact, retirement planning has become all the more important since the recent Federal Budget as the pension safety net has effectively been pushed out until we turn 70.
It's not surprising that superannuation is a massive growth industry given the increased demands being placed on citizens to fund their own retirement. While this tailwind is largely due to regulatory changes it is also due to an aging population which is drawing more and more people into super.
The aging population is a strong trend and it's a theme which investors saving for retirement can position their portfolios to gain from.
Here are four companies set to benefit from an aging population, which could potentially help you reach your own retirement goals.
1) CSL Limited (ASX: CSL) – is a major provider of treatments for a range of life threatening conditions. As the population ages, naturally the chances of requiring medical treatment increases. CSL has a wide and varied portfolio of products and a number of these will be increasingly demanded by an aging population.
2) Ramsay Health Care Limited (ASX: RHC) – hospitals are also a more common destination for the elderly. Ramsay owns and operates one of the most extensive private hospital networks, and like CSL demand for its services look set to rise as population ages.
3) Japara Healthcare Ltd (ASX: JHC) – is a newly listed, less well known company. Japara provides both low and higher care residential services from 35 facilities. Again, the demands for serviced living solutions will increase as the number of retirees and elderly increases.
4) Aveo Group (ASX: AOG) – with a market capitalisation of over $1 billion, Aveo is a major provider of retirement villages. Aveo owns, operates and managers retirement villages; currently Aveo manages around 12,000 residents across 76 villages.
