Thursday, June 2, 2011

Baby Boomers And The Rising Need For Hearing Aids

By Owen Jones


The Baby Boomer Generation are the babies who were born in the first fifteen to twenty years after the Second World War, say 1945 to 1964. The countries of the world were pleased that the war was over and there was an unbridled optimism in most regions around the globe, in spite of widespread destruction and the unprecedented loss of life.

This optimism for happiness, financial development and rising standards of living was passed from the parents to the children Baby Boomers. And the dream came true too for millions of individuals. The Baby Boomers were well educated and had more wealth than any previous generation. Free Love and Flower Power came from the optimism of the Baby Boomers.

There were several other points that characterized the lives of Baby Boomers. Two of them were loud music both in the home and at live concerts and a greater tendency to consult a doctor because of their superior prosperity.

The Baby Boomers are now beginning to get old. The oldest have even started retiring at 65 years of age in 2010. The next fifteen to twenty years will see hundreds of millions of older people join the queue for a pension around the world. Three million babies were born in the USA alone in 1946 and the boom got bigger and faster after that.

Years and years of warfare, loud music and riotous living will have had an harmful effect on our hearing. It must have had and I am certain that this is born out by millions of Baby Boomers looking for a hearing aid. Over the coming twenty years this must mean that more and more people will be making appointments with doctors at the Ear, Nose and Throat Clinic.

Add to this the fact that hearing loss is also closely associated with aging and the fact that we are widely predicted to live longer than our parents and you have a stalwart guarantee that the quantity of hearing aids required in the coming decades will rise sharply.

At the moment, hearing aids are still pretty expensive. In fact, a good hearing aid costs more than a laptop computer and a good digital hearing aid will cost more than two or three of the best laptops, However, if hundreds of millions of people getting ready to order a deaf aid, the prices will have to fall. And they will probably fall a long way.

There are two conclusions you can draw from this. If you think that you need a hearing aid but not right now, it would be a good idea to wait for a few years., if you can. The other is to put a bit of spare money into the shares of a manufacturer of good, state of the art hearing aids.

Who knows, you may make enough money from your shares to buy a digital hearing aid 'free' or the company might even offer a large discount to its shareholders like quite a few of other progressive companies do already these days.




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