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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

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Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive

Boomers break down

By
Tom Ziegler
Tom Ziegler
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By
Tom Ziegler
Tom Ziegler
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March 17, 2011, 9:00 AM ET
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As the 77 million U.S. baby boomers begin turning 65 this year, demand for artificial joints is exploding — with costs for all musculoskeletal conditions reaching over 7% of GDP. A big problem, says Dr. Steven Kurtz of Exponent Inc., is a shortage of qualified orthopedic surgeons. Below, Zimmer’s Trabecular Metal Reverse Shoulder System. –Tara Moore



$14 billion is the size of the orthopedic reconstructive market; knees make up more than 50%, and hips 37%. Shoulders account for just under 6%, but with new procedures, that percentage will grow.

3.5 million knee procedures will be done annually by 2030, with a wider range of boomers opting for reconstructive surgery.

673% is the estimated percentage increase in knee replacements from 2005 to 2030, the year the last of the baby boomers turns 65.

Sources: Dr. Steven Kurtz, Exponent Inc.; Professor Ed Yelin, University of California at San Francisco; AAOS; U.S. Bone and Joint Decade; Stryker; Zimmer

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By Tom Ziegler
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