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South Carolina Business Review

Aging Population = Pressure Cooker for Healthcare Industry

By Mike Switzer
Published November 1, 2018 at 5:04 AM EDT
Magen Shelton
Mike Switzer/SC Public Radio

Pretty much everyone is aware of the baby boomer bubble rolling through retirement time in our country right now.  And this leads to another popular term you may not have heard much about: the “silver tsunami”, our aging population featuring 10,000 people per day turning 65.  Our next guest says this is about to inflict serious pressure on certain industries.

Mike Switzer interviews Magen Shelton with Interim Healthcare of SC.

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Mike Switzer
After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.
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