Roadmap: Fintech for the aging

As we enter the next decade, however, consumer acceptance of new financial products & services will continue to grow, leaving new demographics open to new products & services. This would have been true regardless, but it seems clear that the COVID-19 pandemic has accelerated this opportunity.

By 2050, there will be more than 2 billion people over the age of 60 in the world – about 25% of the world’s population. These numbers, combined with a massive increase in tech adoption by older adults, and a growing number of elderly-care providers, mean the Age Tech market is expected to reach $2 trillion.

Thiel blamed the "gerontocrats" for Bitcoin's failure to reach $100,000 pinning blame on Warren Buffett, whom he called a “sociopathic grandpa,” as well as Dimon, the 66-year-old chief executive officer of JPMorgan who called bitcoin a "fraud" on multiple occasions, and BlackRock's Larry Fink, 69, who recently ran the Fed's direct corporate bond an... See more

I’m becoming more convinced every day that Square will come out of this mess owning even more of the under 30 consumer’s “personal finance stack” and that they will go down as the company that most positively contributed to the recovery.