what you sayIf you find yourself tuning-out in loud restaurants, asking people to repeat themselves frequently, or cupping an ear in an effort to better understand what a friend or colleague is saying, then you may be interested to learn that hearing loss is one of the most prevalent health issues for older Americans. It ranks third, right behind arthritis and heart disease, according to the Hearing Loss Association of America (HLAA).

Hearing loss isn’t just an issue for older Americans, though. Twenty percent of American teenagers experience hearing loss, and it’s a significant issue for combat soldiers and veterans. The Washington Post reported:

“A study by the Journal of General Internal Medicine, which covered over 90,000 veterans of Afghanistan and Iraq seeking VA care from fiscal 2006-2007, may serve as a general guide. Among male veterans seeking VA care, 16.4 percent to 26.6 percent suffer from serious hearing loss and tinnitus, and 7.3 percent to 13.4 percent of female veterans are affected. How much of this is combat-related or due to environmental factors such as background noise, training, and even medication is unknown.”

Remarkably, many people ignore their hearing loss. Just 16 percent of Americans (age 69 or younger) with hearing issues use hearing devices. It’s a decision that can have serious consequences since studies have linked hearing loss and cognitive decline, reported NPR.

A new generation of hearing devices, called personal sound amplification products (PSAPs), may help reduce the stigma attached to wearing hearing aids. They’re designed to look like stylish fashion accessories or ear buds, and they’re controlled with smartphone apps.

The real selling point may prove to be that PSAPs are far less expensive than traditional hearing aids.

Weekly Focus – Think About It

“Most of the successful people I’ve known are the ones who do more listening than talking.”
Bernard Baruch, American financier and statesman

* These are the general views of Jonathan DeYoe and they should not be construed as investment advice for any individual.

Sources:

http://www.barrons.com/articles/poll-top-money-managers-favor-tech-finance-1493438722 (or go to https://s3-us-west-2.amazonaws.com/peakcontent/+Peak+Commentary/05-01-17_Barrons-Poll-Top_Money_Managers_Favor_Tech_Finance-Footnote_1.pdf)
https://insight.factset.com/hubfs/Resources/Research%20Desk/Earnings%20Insight/EarningsInsight_042817.pdf (Pages 1-2)
https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
https://www.bloomberg.com/news/articles/2017-04-28/u-s-economy-expands-at-slowest-pace-in-three-years
http://www.hearingloss.org/sites/default/files/docs/HearingLoss_Facts_Statistics.pdf
https://www.washingtonpost.com/news/checkpoint/wp/2016/04/12/we-treat-hearing-loss-as-an-inevitable-cost-of-war-it-shouldnt-be/?utm_term=.2e6442644b83
http://www.npr.org/sections/health-shots/2017/04/24/524946910/is-it-time-for-hearing-aids-to-be-sold-over-the-counter
https://www.inc.com/dave-kerpen/15-quotes-to-inspire-you-to-become-a-better-listener.html

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