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1 big thing: Booming business of eternal youth

  

Category:  Mental Health and Wellness

Via:  hallux  •  4 weeks ago  •  4 comments

By:   Mike Allen - Axios

1 big thing: Booming business of eternal youth

S E E D E D   C O N T E N T


Consumers, especially the rich,   are spending big on the colossal, growing longevity industry — spas, food subscriptions, gym memberships and pills,   Axios' Erica Pandey writes.

📈 Why it matters:   The wellness industry is worth nearly $500 billion in the U.S. and $2 trillion globally,   McKinsey says . But there's a growing gap between what's available to wealthy consumers and everyone else.

  • Many new offerings   come at sky-high prices.

State of play:   The wellness market is doubling down on rich customers with exclusive, luxury, hyper-personalized offerings,   according to the   Global Wellness Institute , an industry research group.

  • Think   invite-only Pilates classes   at $75 a session,   $200,000 facelifts   — and   elite clubs   charging thousands in monthly fees for saunas and ice baths.
  • Equinox,   the high-end gym chain, just rolled out a $40,000-per-year   longevity add-on . Customers will get access to individually tailored training and nutrition plans, sleep coaching and more. There's   a waitlist .
  • Costs are even increasing   on the cheaper end: Planet Fitness announced its   first membership price hike   in 26 years earlier this month.

    Zoom in:   Then there's an even higher tier — Silicon Valley billionaires   chasing the fountain of youth .

    • Entrepreneur and venture capitalist   Bryan Johnson famously spends $2 million a year on health and longevity treatments, including weekly acid peels and blood transfusions from his teenage son.
    • He eats a strict vegan diet , does daily meticulously planned workouts and takes near-constant blood, stool and urine tests to monitor his health,   Bloomberg's Ashlee Vance   reports .
    • Tech titans Sam Altman,   Jeff Bezos and Mark Zuckerberg have   all invested millions   in anti-aging startups.

    🔮   What's next:   As more people have access to personalized fitness data through phones, watches and   rings , look for tailored workouts and diets to gain popularity.


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Hallux
PhD Principal
1  seeder  Hallux    4 weeks ago

$500 billion? Meh, I've spent that much on Uisce beatha and Uimen ... I'll never be old enough to be young.

 
 
 
Thomas
Senior Guide
2  Thomas    4 weeks ago

The money some people throw away

 
 
 
Freefaller
Professor Quiet
3  Freefaller    4 weeks ago

There are two certanties in life and that's getting old and death

 
 
 
Buzz of the Orient
Professor Expert
4  Buzz of the Orient    4 weeks ago

But I though that's The American Way, where the rich get richer and the poor get poorer and the richest get the most benefits from life while the poor service them.

American_way_of_life.jpg

"From each according to their abilities to each according to their needs" is looking a lot more attractive to me than "The American Way".

 
 

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