With a business partner, Dr Geissmann founded Halcyon, which runs gated communities for the over 50s in South-East Queensland"They want to forget having to do repairs, having to mow the lawn, all those things that if you lived in the suburbs and you had kids you had to do."And the Halcyon housing model is attracting them in droves.
Over the past five years, business has doubled and is expected to double again in the next five years."We have the lifestyle, we have strong demographics, great infrastructure."Older people consume less and save more, which drives down inflation and interest rates — not a good outcome for retirees who are living off savings.It is projected that in less than 40 years there will be 8.
"The older the population is, the more people are on welfare benefits, we need more health care, and there's a smaller base to pay the taxes," Dean of Melbourne Business School, Professor Ian Harper, told 7.30.
Looks like plenty of new jobs coming up then .
And the elephant in the room still doesn't get discussed: automation is being innovated in Australia ahead of many other countries, job numbers are teetering at the edge of a massive shift downward. Where are the young, female & old going to be employed if able-bodied men aren't?
So qualified doctor is making money off them instead of looking after them, excellent.
The government's asinine exhortations for older people to skill up and stay in a workforce, whilst there exists an even more stupid attitude of discriminating against older people, is contributing to this. So we say: 'Up yours!!'
Gosh ABC that's a story for the masses.
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