'AgeTech' companies court digital seniors

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As the pandemic has coaxed older people to get more nimble with technology — even trolling TikTok to check out their grandkids' posts — tech companies are increasingly catering to their needs.

As the pandemic has coaxed older people to get more nimble with technology— even trolling TikTok to check out their grandkids' posts — tech companies are increasingly catering to their needs.For seniors, learning to shop online, enjoy social media and use VR headsets can beat back isolation and loneliness — particularly during COVID-19. And to marketers, wealthy retirees look like an attractive sales niche, so they're tailoring products and services accordingly.

Among people 60 and older, 60% visit social media sites at least once a week, and 21% play video games, Euromonitor found."Alongside browsing and shopping online, Digital Seniors embrace virtual solutions for socializing, health screenings, finances and learning," according to the report.that 7 in 10 seniors ages 65-74 were interested in trying out AR/VR headsets, primarily to pursue a skill or hobby, like cooking.

"Sitting at the intersection of longevity and technology, AgeTech includes products, services and experiences across industries that contribute to longer, healthier lives and empower people to choose how they live as they age,"

 

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