Why Health-Care Dividend Stocks Are Appealing Right Now
When it comes to finding excellent stocks that pay reliable
dividends, one of the best places to look is the health-care sector.
Health-care stocks are usually found in a diverse investment
portfolio because of the sector’s strong global appeal, regardless of where we
are in the economic cycle. During recessions, people tend to cut back on
discretionary spending, but they don’t forgo products related to health care,
such as prescription drugs, cold medicine, bandages, baby care products, and
toothpaste.
Moreover, with a growing and aging population, certain
medical conditions are more prominent today than they were years ago.
This, coupled with rising income levels, is why the broader
health-care sector is projected to experience significant growth over the
coming decades.
Health-related spending accounted for 16.9% of the U.S.’s
gross domestic product (GDP) in 2018. By 2030, health expenditures are forecast
to outpace GDP growth in almost every country in the Organisation for Economic
Co-operation and Development (OECD). Health-care spending per capita across the
OECD is expected to rise from 8.8% of GDP in 2018 to 10.2% of GDP in 2030.
Comments
Post a Comment