AI, wearables and more — these markets are booming as the world ages. The pros share 4 stock picks
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The world is aging rapidly, and there are more and more ways to invest in this theme. Shams Afzal, managing director at Carnegie Investment Counsel, noted that 17% of the U.S. population is now over the age of 65, and that proportion is expected to grow higher. And the demographics of that age group is changing. There's been a "marked jump" in education levels — just 5% of those aged above 65 were degree holders in 1950, much lower than the 29% in 2018, Afzal said, citing Population Reference Bureau statistics. The gender gap in terms of mortality has also narrowed, from seven years in 1990 to five years in 2017, he said. "The aging population discussion in recent years has mostly revolved around future challenges to labor productivity and its economic growth implications," he said. "We see meaningful efforts by companies large and small, working to enhance the quality of life for individuals in this age group," Afzal, also a portfolio mana...