We’ve Moved! 6121 Excelsior Blvd. St. Louis Park, MN 55416

Innovations in the Baby Boomer Tech Market

Today, technology companies boast a rapid-fire pipeline of new innovations designed to help consumers in the home environment. While many are designed to help elderly people around the house, in some cases, it’s boomers who buy, install and help monitor those devices for their retired parents.

The baby boomer generation is the fastest-growing segment of technology consumers. Various technology applications have made it easier for them to juggle family and career responsibilities while also keeping track of elderly parents. It’s a good thing, then, that boomers control 70 percent of disposable income spending decisions and, collectively, are expected to inherit more than $15 trillion over the next 20 years.

Boomers also will be the first generation to fully benefit from high-tech age-at-home innovations. These range from home stair lifts to wearable fitness devices that transmit data directly to their electronic health records to GPS-based devices to track when the dog escapes the backyard. While the downsides of aging are often emphasized, technological advances have the potential to provide more conveniences for boomers going forward.

Get the latest retirement news today!

Subscribe Now

  • This field is for validation purposes and should be left unchanged.

Pick your topic or keywords

Similar Posts

Getting to the Truth: How Strong is Social Security Anyway?

The number one news headline grab this month isn't the Kardashians or Donald Trump. Nor is it Spieth's distressing loss at the Open Championship by…

Continue Reading
Secured Retirement Radio: Probability Investing vs. Safety First

Blog post written by Dale Decker We all have different tolerances for risk. Some people prefer to go big and climb Mount Everest. Others are perfectly…

Continue Reading
Cary Grant’s Retirement Income Checklist

“You never miss the water until the well runs dry.” His Girl Friday (1940) – Walter Burns (Cary Grant) In the 1940’s movie His Girl…

Continue Reading