Need a Small Business Idea? Pets Are a Great Bet

Of the 76 million baby boomers who don't have grandkids, many fill that gap by lavishing their money on their animal companions.

Some observers call this humanizing of pets among the over-50 without grandchildren an "epidemic," reports Newsweek,. The U.S. human birthrate has dropped to 13.5 per 1,000, which is down from the 2007 record low of 14.3 per 1,000.